Xcel Wealth Management LLC Has $1.40 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Xcel Wealth Management LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 123.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 18,516 shares of the company’s stock after acquiring an additional 10,216 shares during the period. Xcel Wealth Management LLC’s holdings in Palantir Technologies were worth $1,400,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. West Michigan Advisors LLC grew its stake in Palantir Technologies by 23.7% in the fourth quarter. West Michigan Advisors LLC now owns 9,796 shares of the company’s stock valued at $741,000 after acquiring an additional 1,877 shares during the period. Williamson Legacy Group LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $1,350,000. US Bancorp DE lifted its holdings in shares of Palantir Technologies by 54.7% in the fourth quarter. US Bancorp DE now owns 326,233 shares of the company’s stock valued at $24,673,000 after purchasing an additional 115,380 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $647,000. Finally, SVB Wealth LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $3,051,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PLTR. UBS Group raised their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Bank of America raised their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. DA Davidson raised their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Mizuho lifted their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $73.21.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total value of $367,920,000.00. Following the completion of the transaction, the insider now owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. This trade represents a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,689,783 shares of company stock worth $475,417,043 over the last ninety days. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $84.86 on Friday. The firm has a market cap of $193.31 billion, a PE ratio of 446.64, a PEG ratio of 10.84 and a beta of 2.81. The stock’s fifty day moving average price is $87.09 and its two-hundred day moving average price is $61.43. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41.

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.