Elo Mutual Pension Insurance Co Reduces Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Elo Mutual Pension Insurance Co reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 197,805 shares of the company’s stock after selling 9,242 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Palantir Technologies were worth $14,962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WINTON GROUP Ltd increased its stake in shares of Palantir Technologies by 34.2% in the fourth quarter. WINTON GROUP Ltd now owns 16,596 shares of the company’s stock worth $1,255,000 after buying an additional 4,230 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Palantir Technologies by 11.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,537,419 shares of the company’s stock valued at $282,604,000 after buying an additional 359,167 shares during the period. Korea Investment CORP grew its holdings in Palantir Technologies by 24.4% in the 4th quarter. Korea Investment CORP now owns 1,432,742 shares of the company’s stock worth $108,358,000 after acquiring an additional 281,200 shares during the last quarter. Arlington Capital Management Inc. purchased a new position in shares of Palantir Technologies in the fourth quarter valued at about $496,000. Finally, Ausdal Financial Partners Inc. raised its stake in shares of Palantir Technologies by 3.3% during the fourth quarter. Ausdal Financial Partners Inc. now owns 51,320 shares of the company’s stock valued at $3,881,000 after acquiring an additional 1,638 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 4.4 %

Shares of PLTR opened at $92.28 on Thursday. The stock has a market cap of $216.43 billion, a P/E ratio of 485.71, a P/E/G ratio of 10.84 and a beta of 2.81. The business’s 50 day moving average price is $91.28 and its 200-day moving average price is $68.54. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 310,000 shares of Palantir Technologies stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $51,545.44. This trade represents a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,379,785 shares of company stock worth $281,528,938. 12.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Cantor Fitzgerald raised their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Bank of America lifted their price objective on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. UBS Group boosted their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Mizuho raised their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Citigroup lifted 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, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $74.45.

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.