Meiji Yasuda Asset Management Co Ltd. Has $5.96 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Meiji Yasuda Asset Management Co Ltd. grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 179.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,788 shares of the company’s stock after purchasing an additional 50,618 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Palantir Technologies were worth $5,959,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Mather Group LLC. increased its holdings in Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after purchasing an additional 448 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at $876,000. Destiny Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at $3,233,000. Coldstream Capital Management Inc. bought a new position in shares of Palantir Technologies in the third quarter valued at about $639,000. Finally, Boston Family Office LLC lifted its position in Palantir Technologies by 48.0% during the 3rd quarter. Boston Family Office LLC now owns 37,000 shares of the company’s stock worth $1,376,000 after buying an additional 12,000 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research analyst reports. 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 note on Tuesday, February 4th. Royal Bank of Canada boosted their price objective 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. Bank of America increased their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Finally, Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $74.45.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, the insider now directly owns 512,006 shares in the company, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 310,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 592 shares of the company’s stock, valued at $51,545.44. This represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 0.2 %

Shares of PLTR stock opened at $96.51 on Wednesday. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The firm has a fifty day moving average of $90.80 and a 200-day moving average of $68.37. The firm has a market capitalization of $226.35 billion, a price-to-earnings ratio of 507.97, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Palantir Technologies 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.