Fifth Third Bancorp Has $54.05 Million Stake in Palantir Technologies Inc. $PLTR

Fifth Third Bancorp lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 463,233 shares of the company’s stock after selling 13,949 shares during the period. Fifth Third Bancorp’s holdings in Palantir Technologies were worth $54,045,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PLTR. Milestone Asset Management LLC raised its holdings in Palantir Technologies by 229.5% during the 4th quarter. Milestone Asset Management LLC now owns 60,551 shares of the company’s stock worth $10,763,000 after buying an additional 42,173 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $222,143,000. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after buying an additional 1,557,828 shares during the period. Optas LLC increased its position in shares of Palantir Technologies by 55.2% during the fourth quarter. Optas LLC now owns 18,647 shares of the company’s stock worth $3,315,000 after acquiring an additional 6,633 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Palantir Technologies by 6.8% during the fourth quarter. Global Retirement Partners LLC now owns 79,282 shares of the company’s stock worth $14,092,000 after acquiring an additional 5,070 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group set a $215.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 11th. Oppenheimer cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of Palantir Technologies in a research note on Thursday, July 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $204.00 price target on shares of Palantir Technologies in a report on Tuesday, August 4th. Finally, BTIG Research cut Palantir Technologies to a “neutral” rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.19.

Palantir Technologies Stock Down 0.6%

Shares of PLTR stock opened at $171.54 on Wednesday. The company’s fifty day simple moving average is $136.11 and its 200-day simple moving average is $140.11. The firm has a market cap of $412.22 billion, a PE ratio of 146.62, a P/E/G ratio of 2.48 and a beta of 1.59. Palantir Technologies Inc. has a 12 month low of $106.37 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The firm’s revenue for the quarter was up 92.8% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 1.26 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 150,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $130.00, for a total transaction of $19,500,000.00. Following the sale, the insider owned 599,899 shares in the company, valued at approximately $77,986,870. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Buckley sold 1,481 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total value of $190,752.80. Following the transaction, the insider directly owned 60,226 shares of the company’s stock, valued at $7,757,108.80. This trade represents a 2.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 228,608 shares of company stock worth $30,810,313 in the last three months. Insiders own 9.53% of the company’s stock.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Palantir’s latest quarterly results remain the primary bullish catalyst. Revenue increased roughly 93% year over year to $1.94 billion, while earnings exceeded analyst expectations, reinforcing confidence in demand for its AI software platforms. Q2 Earnings Season Standout Performers: PLTR, MSFT
• Positive Sentiment: Several bullish commentaries argue that Pentagon AI spending and continued commercial expansion could support further gains. One valuation analysis estimates the shares may still be modestly undervalued if defense-related momentum persists, while other analysts have upgraded their outlook after the strong earnings report. Palantir Stock May Be 9% Undervalued on Pentagon AI Momentum
• Neutral Sentiment: Long-term articles focus on whether Palantir can become a trillion-dollar company. That outcome would require the company to sustain very high growth for years, expand its customer base, and convert AI enthusiasm into durable profits; these are possibilities rather than near-term catalysts. Is Palantir the Next Trillion-Dollar Stock?
• Negative Sentiment: Valuation is the key headwind. Palantir is trading at extremely elevated earnings and sales multiples, prompting comparisons with software stocks that later experienced sharp corrections after reaching similar levels. Higher Treasury yields also make expensive, long-duration growth stocks less attractive. Palantir Trades at 74x Sales
• Negative Sentiment: Investor Michael Burry has reportedly renewed bearish put positions, citing Palantir’s valuation and stock-based compensation. Although this does not change the company’s fundamentals, it adds visibility to the bear case and may encourage profit-taking after the stock’s strong run. Michael Burry Is Betting Against Palantir Again

Palantir Technologies Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.