Fifth Third Bancorp significantly increased its stake in Palantir Technologies Inc. by 35.6%, bringing its total holdings to 173,745 shares valued at $31.70 million. This move contributes to the overall institutional ownership of Palantir, which stands at approximately 45.65%. Despite strong Q4 financial results, including revenue of $1.41 billion and EPS of $0.25, Palantir’s shares have recently pulled back about 27% due to substantial insider selling and mixed analyst sentiment.
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Fifth Third Bancorp Has $31.70 Million Stock Holdings in Palantir Technologies Inc. $PLTR
Fifth Third Bancorp significantly increased its stake in Palantir Technologies Inc. by 35.6%, bringing its total holdings to 173,745 shares valued at $31.70 million. This move contributes to the overall institutional ownership of Palantir, which stands at approximately 45.65%. Despite strong Q4 financial results, including revenue of $1.41 billion and EPS of $0.25, Palantir’s shares have recently pulled back about 27% due to substantial insider selling and mixed analyst sentiment.