America First Investment Advisors LLC Has $35.15 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

America First Investment Advisors LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 46.1% during the fourth quarter, Holdings Channel reports. The firm owned 464,702 shares of the company’s stock after selling 396,714 shares during the period. Palantir Technologies makes up approximately 7.7% of America First Investment Advisors LLC’s portfolio, making the stock its 2nd largest position. America First Investment Advisors LLC’s holdings in Palantir Technologies were worth $35,145,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Mather Group LLC. lifted its position in shares of Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after buying an additional 448 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in Palantir Technologies during the fourth quarter worth $876,000. Destiny Wealth Partners LLC bought a new position in Palantir Technologies in the 4th quarter valued at $3,233,000. Coldstream Capital Management Inc. purchased a new stake in shares of Palantir Technologies during the 3rd quarter valued at $639,000. Finally, Boston Family Office LLC raised its stake in shares of 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 purchasing an additional 12,000 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Northland Securities increased their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. UBS Group raised their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group upped their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.45.

Palantir Technologies Price Performance

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 483,987 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the sale, the insider now owns 170,273 shares in the company, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock worth $281,528,938 in the last ninety days. 12.93% of the stock is currently owned by insiders.

About Palantir Technologies

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.