Southland Equity Partners LLC Has $1.05 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Southland Equity Partners LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 58.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,889 shares of the company’s stock after acquiring an additional 5,111 shares during the quarter. Southland Equity Partners LLC’s holdings in Palantir Technologies were worth $1,050,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Palantir Technologies by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock worth $72,963,000 after purchasing an additional 278,544 shares during the period. XTX Topco Ltd acquired a new position in Palantir Technologies in the 2nd quarter valued at approximately $330,000. Thrivent Financial for Lutherans lifted its position in shares of Palantir Technologies by 20.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company’s stock worth $1,336,000 after acquiring an additional 9,109 shares during the period. ProShare Advisors LLC grew its holdings in shares of Palantir Technologies by 14.9% during the 2nd quarter. ProShare Advisors LLC now owns 13,100 shares of the company’s stock worth $332,000 after purchasing an additional 1,702 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Palantir Technologies by 63.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 364,167 shares of the company’s stock valued at $9,224,000 after purchasing an additional 141,800 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,518,855 shares of company stock valued at $1,438,682,423. 12.93% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PLTR shares. UBS Group started coverage on shares of Palantir Technologies in a research note on Thursday, December 19th. They set a “neutral” rating and a $80.00 price target on the stock. Morgan Stanley reiterated an “underweight” rating and set a $60.00 target price on shares of Palantir Technologies in a research report on Monday, January 6th. Mizuho upped their target price on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Northland Securities upped their price objective on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.61.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $78.98 on Friday. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $84.80. The stock has a market cap of $179.92 billion, a PE ratio of 394.92, a PEG ratio of 7.08 and a beta of 2.82. The firm’s 50 day moving average price is $71.70 and its two-hundred day moving average price is $48.53.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million during 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 firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Palantir Technologies Profile

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.