World Investment Advisors LLC Makes New $347,000 Investment in Palantir Technologies Inc. (NYSE:PLTR)

World Investment Advisors LLC acquired a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) in the 3rd quarter, HoldingsChannel reports. The fund acquired 9,316 shares of the company’s stock, valued at approximately $347,000.

Several other hedge funds also recently modified their holdings of the stock. M&T Bank Corp increased its position in Palantir Technologies by 37.0% in the 3rd quarter. M&T Bank Corp now owns 170,043 shares of the company’s stock valued at $6,326,000 after buying an additional 45,965 shares in the last quarter. Rehmann Capital Advisory Group acquired a new stake in Palantir Technologies in the third quarter valued at approximately $381,000. Sunbelt Securities Inc. grew its stake in Palantir Technologies by 700.0% in the third quarter. Sunbelt Securities Inc. now owns 1,960 shares of the company’s stock valued at $73,000 after acquiring an additional 1,715 shares during the period. Toronto Dominion Bank increased its holdings in shares of Palantir Technologies by 476.0% during the third quarter. Toronto Dominion Bank now owns 1,073,864 shares of the company’s stock valued at $39,948,000 after acquiring an additional 887,442 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Palantir Technologies during the third quarter worth approximately $639,000. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Peter Thiel sold 4,254,666 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $36.77, for a total transaction of $156,444,068.82. Following the sale, the director now owns 51,234,275 shares in the company, valued at $1,883,884,291.75. This represents a 7.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 6,655 shares of Palantir Technologies stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $38.17, for a total value of $254,021.35. Following the completion of the transaction, the director now owns 145,625 shares of the company’s stock, valued at approximately $5,558,506.25. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,612,366 shares of company stock valued at $1,867,342,292. Company insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research report on Friday, December 13th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a report on Thursday, November 7th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday. Robert W. Baird initiated coverage on Palantir Technologies in a research note on Thursday, December 12th. They set a “neutral” rating and a $70.00 price target for the company. Finally, Northland Capmk raised Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $38.40.

Palantir Technologies Stock Performance

PLTR opened at $71.51 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $80.91. The firm has a 50-day moving average of $57.71 and a 200 day moving average of $39.61. The firm has a market cap of $162.90 billion, a P/E ratio of 357.57, a PEG ratio of 10.18 and a beta of 2.87.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. Equities research analysts predict that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.