Palantir Technologies Inc. $PLTR Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 12.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 57,566 shares of the company’s stock after buying an additional 6,206 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Palantir Technologies were worth $10,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Vanguard Group Inc. increased its stake in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Palantir Technologies by 4.2% in 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. Prentice Wealth Management LLC purchased a new position in shares of Palantir Technologies in the third quarter worth approximately $550,000. Watershed Private Wealth LLC raised its holdings in shares of Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after acquiring an additional 3,350 shares during the period. Finally, State of Michigan Retirement System lifted its position in shares of Palantir Technologies by 1.3% in the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after acquiring an additional 12,300 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Zacks added PLTR to its Rank #1 (Strong Buy) list, which can attract buying interest from momentum-focused and institutional investors. New Strong Buy Stocks for January 2nd
• Positive Sentiment: 247WallStreet argues there’s still room to run for PLTR based on recent commercial/government AI deployments and momentum — a narrative that supports buy-the-dip trading strategies. Palantir Stock Is Coming Back. 1 Reason There’s More Room to Run
• Neutral Sentiment: MarketBeat’s take frames PLTR as a maturing AI/software compounder — bullish long-term but likely to see consolidation and choppy trading as valuation now prices in high future growth. This shifts investor tactics toward buy-and-hold with tactical dip buying. Palantir Has Grown Up Fast: What Does That Mean for 2026?
• Neutral Sentiment: Sector tailwinds for AI (January-effect commentary) could help PLTR over time, but near-term flows are favoring chip names like NVDA — a mixed signal for software names. 3 AI Stocks Poised to Surge on the January Effect
• Negative Sentiment: The Motley Fool and other outlets point to profit-taking after PLTR’s 135%+ jump in 2025 and a rotation out of software into chips as the main drivers of today’s sell-off. That explains much of the short-term weakness. Why Palantir Fell Hard To Start 2026
• Negative Sentiment: Technically, PLTR has tested key support near ~$175 after the run-up, raising the risk of deeper pullbacks if selling persists. Traders will watch those levels and the 50-day moving average for sign of stabilization. Palantir Slips Friday: AI Darling Tests Key $175 Support Level After Historic 2025 Run
• Negative Sentiment: Forbes highlights recurring downside risk — PLTR has experienced several rapid >30% drawdowns historically — a reminder that elevated valuation and concentrated retail interest can amplify volatility. Risks That Palantir Stock Investors Must Know

Palantir Technologies Price Performance

Shares of PLTR stock opened at $167.86 on Friday. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52. The stock’s 50-day moving average is $180.87 and its two-hundred day moving average is $169.29. The firm has a market cap of $400.08 billion, a P/E ratio of 399.68, a PEG ratio of 4.22 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the sale, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 149,872 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the transaction, the insider directly owned 642,786 shares in the company, valued at $105,410,476.14. The trade was a 18.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,008,044 shares of company stock worth $164,601,839 over the last quarter. 9.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLTR. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Morgan Stanley increased their price objective on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Bank of America raised their price objective on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald upped their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.