Palantir Technologies Inc. $PLTR Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 79,689 shares of the company’s stock after acquiring an additional 12,447 shares during the period. Palantir Technologies accounts for approximately 1.0% of China Universal Asset Management Co. Ltd.’s portfolio, making the stock its 19th biggest position. China Universal Asset Management Co. Ltd.’s holdings in Palantir Technologies were worth $10,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Truist Financial Corp increased its position in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after buying an additional 21,809 shares during the period. State of Michigan Retirement System lifted its stake in Palantir Technologies by 1.3% in the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after buying an additional 12,300 shares during the last quarter. Presilium Private Wealth LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $204,000. Finally, New Century Financial Group LLC purchased a new position in shares of Palantir Technologies during the second quarter worth approximately $228,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PLTR. Bank of America upped their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. CICC Research upped their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. UBS Group increased their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada boosted their price target on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. Finally, Northland Securities increased their price objective on Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $172.28.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at approximately $100,435,312.50. The trade was a 2.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00. Following the transaction, the insider directly owned 47,044 shares in the company, valued at approximately $7,409,430. This trade represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,008,844 shares of company stock valued at $164,676,161. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Down 2.1%

NASDAQ PLTR opened at $183.57 on Monday. The stock has a market capitalization of $437.53 billion, a P/E ratio of 437.08, a P/E/G ratio of 7.12 and a beta of 1.50. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The firm has a 50-day moving average price of $179.31 and a 200 day moving average price of $163.90.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 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.