MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Holdings in Palantir Technologies Inc. $PLTR

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.5% during the second quarter, HoldingsChannel.com reports. The fund owned 4,356,393 shares of the company’s stock after purchasing an additional 377,087 shares during the quarter. Palantir Technologies makes up 1.1% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings, making the stock its 11th largest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Palantir Technologies were worth $593,727,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PLTR. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies during the second quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Palantir Technologies during the 1st quarter worth approximately $27,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies during the 2nd quarter valued at $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on PLTR shares. Bank of America increased their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Mizuho boosted their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. UBS Group boosted their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Citigroup increased their target price on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $172.28.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 149,872 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This trade represents a 18.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 308,635 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $97,082.08. This represents a 99.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,008,844 shares of company stock valued at $164,676,161. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 0.2%

Shares of PLTR stock opened at $187.54 on Friday. The company has a market cap of $446.99 billion, a PE ratio of 446.53, a P/E/G ratio of 7.28 and a beta of 1.49. The company’s fifty day simple moving average is $179.10 and its 200-day simple moving average is $162.92. Palantir Technologies Inc. has a 52 week low of $63.40 and a 52 week high of $207.52.

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