Palantir Technologies Inc. $PLTR Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,232,254 shares of the company’s stock after buying an additional 202,511 shares during the quarter. Hsbc Holdings PLC’s holdings in Palantir Technologies were worth $356,194,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $450,000. XTX Topco Ltd purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $328,000. Capital World Investors purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $253,816,000. Capital Research Global Investors purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $118,679,000. Finally, Capital International Inc. CA purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $4,490,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.8%

Shares of NASDAQ:PLTR opened at $174.03 on Tuesday. The firm’s 50 day moving average price is $151.87 and its 200 day moving average price is $120.39. The stock has a market cap of $412.86 billion, a price-to-earnings ratio of 580.12, a price-to-earnings-growth ratio of 9.99 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $29.31 and a fifty-two week high of $190.00.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s revenue was up 48.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, insider Alexander C. Karp sold 39,825 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $810,271,540.26. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric H. Woersching sold 17,000 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the transaction, the director owned 12,562 shares of the company’s stock, valued at approximately $1,624,140.98. The trade was a 57.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 628,140 shares of company stock valued at $84,302,509. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Piper Sandler set a $182.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and boosted their target price for the company from $80.00 to $160.00 in a research report on Tuesday, August 5th. UBS Group reissued a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Mizuho raised Palantir Technologies from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $136.61.

Palantir Technologies Company 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.