Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,029,743 shares of the company's stock after acquiring an additional 583,382 shares during the period. Hsbc Holdings PLC owned approximately 0.18% of Palantir Technologies worth $306,047,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Roxbury Financial LLC purchased a new stake in Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies in the fourth quarter worth about $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC raised its holdings in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $31,000. Institutional investors own 45.65% of the company's stock.

Insider Activity

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the transaction, the director now owns 184,617 shares of the company's stock, valued at approximately $15,993,370.71. This trade represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,989,975 shares of company stock worth $253,328,090. Corporate insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley reduced their target price on shares of Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Mizuho lifted their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Cantor Fitzgerald lifted their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Daiwa America raised Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Finally, Royal Bank of Canada raised their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $74.71.

Palantir Technologies Trading Up 6.9 %

PLTR stock traded up $6.96 during midday trading on Thursday, hitting $107.78. 102,404,605 shares of the company's stock were exchanged, compared to its average volume of 73,722,286. Palantir Technologies Inc. has a 1-year low of $20.50 and a 1-year high of $125.41. The business has a 50-day simple moving average of $89.81 and a two-hundred day simple moving average of $75.91. The stock has a market capitalization of $252.78 billion, a PE ratio of 567.29, a P/E/G ratio of 10.84 and a beta of 2.74.

About Palantir Technologies

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.