Palantir Technologies Inc. (NASDAQ:PLTR) Holdings Increased by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 266.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,932,955 shares of the company's stock after buying an additional 2,859,091 shares during the quarter. Palantir Technologies comprises 0.5% of Toronto Dominion Bank's holdings, making the stock its 28th biggest position. Toronto Dominion Bank owned about 0.17% of Palantir Technologies worth $297,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Safeguard Investment Advisory Group LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $416,000. Shell Asset Management Co. bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $1,002,000. Rafferty Asset Management LLC raised its holdings in shares of Palantir Technologies by 36.3% in the 4th quarter. Rafferty Asset Management LLC now owns 942,411 shares of the company's stock worth $71,275,000 after purchasing an additional 250,934 shares in the last quarter. Riverview Capital Advisers LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $225,000. Finally, ProShare Advisors LLC raised its holdings in shares of Palantir Technologies by 682.6% in the 4th quarter. ProShare Advisors LLC now owns 2,906,008 shares of the company's stock worth $219,781,000 after purchasing an additional 2,534,660 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 1.1%

PLTR stock opened at $129.52 on Friday. The company has a market capitalization of $303.77 billion, a price-to-earnings ratio of 681.72, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12 month low of $20.63 and a 12 month high of $133.49. The firm has a 50 day moving average of $98.72 and a two-hundred day moving average of $84.84.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Heather A. Planishek acquired 10,000 shares of Palantir Technologies stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $116.14 per share, for a total transaction of $1,161,400.00. Following the completion of the purchase, the insider now owns 58,006 shares of the company's stock, valued at $6,736,816.84. This represents a 20.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares of the company's stock, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,964,290 shares of company stock valued at $250,504,866 over the last ninety days. Corporate insiders own 12.93% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PLTR. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Wedbush set a $140.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. DA Davidson boosted their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $83.95.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.