World Investment Advisors LLC Invests $347,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

World Investment Advisors LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,316 shares of the company's stock, valued at approximately $347,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Summit Securities Group LLC acquired a new position in Palantir Technologies during the second quarter worth about $25,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $25,000. Prestige Wealth Management Group LLC raised its holdings in shares of Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in Palantir Technologies during the second quarter valued at approximately $30,000. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PLTR. Northland Securities lifted their target price on Palantir Technologies from $35.00 to $38.00 and gave the stock a "market perform" rating in a report on Tuesday, November 5th. Jefferies Financial Group lowered Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 target price for the company. in a report on Thursday, November 7th. William Blair reiterated an "underperform" rating on shares of Palantir Technologies in a report on Wednesday. Bank of America raised their price objective on Palantir Technologies from $55.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, DA Davidson upped their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.00.

Palantir Technologies Stock Performance

Shares of PLTR traded up $2.70 during trading hours on Thursday, hitting $74.21. 99,146,883 shares of the company were exchanged, compared to its average volume of 60,672,461. The company has a market cap of $169.05 billion, a PE ratio of 371.07, a PEG ratio of 10.18 and a beta of 2.87. The firm's 50 day moving average is $57.71 and its 200-day moving average is $39.61. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $80.91.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm had revenue of $725.52 million during the quarter, compared to analysts' expectations of $705.11 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The company's revenue was up 30.0% on a year-over-year basis. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

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.