TD Waterhouse Canada Inc. Has $5.47 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

TD Waterhouse Canada Inc. increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 72,314 shares of the company's stock after purchasing an additional 15,834 shares during the period. TD Waterhouse Canada Inc.'s holdings in Palantir Technologies were worth $5,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. World Investment Advisors LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth approximately $347,000. Wilmington Savings Fund Society FSB lifted its position in Palantir Technologies by 48.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company's stock worth $652,000 after buying an additional 5,747 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Palantir Technologies by 85.9% during the 3rd quarter. Synovus Financial Corp now owns 17,898 shares of the company's stock valued at $666,000 after buying an additional 8,270 shares during the period. Tri Ri Asset Management Corp purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at $23,403,000. Finally, Franklin Resources Inc. increased its stake in shares of Palantir Technologies by 102.3% in the third quarter. Franklin Resources Inc. now owns 171,653 shares of the company's stock worth $6,385,000 after acquiring an additional 86,793 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 4.6 %

NASDAQ:PLTR traded up $5.00 during trading hours on Friday, hitting $112.78. 103,457,514 shares of the company traded hands, compared to its average volume of 73,842,211. Palantir Technologies Inc. has a twelve month low of $20.50 and a twelve month high of $125.41. The firm has a 50-day moving average of $89.58 and a 200 day moving average of $76.39. The stock has a market capitalization of $264.51 billion, a price-to-earnings ratio of 593.61, a P/E/G ratio of 10.84 and a beta of 2.74.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLTR. Loop Capital restated a "buy" rating on shares of Palantir Technologies in a research note on Friday, April 4th. Mizuho boosted their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Wedbush reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Palantir Technologies in a research report on Monday, March 3rd. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Citigroup raised their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $74.71.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the sale, the director now owns 88,129 shares of the company's stock, valued at $9,059,661.20. The trade was a 11.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 98,177 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares of the company's stock, valued at $33,382,558.80. The trade was a 19.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,989,975 shares of company stock valued at $253,328,090. Insiders own 12.93% of the company's stock.

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.