1,179,393 Shares in BILL Holdings, Inc. (NYSE:BILL) Acquired by Norges Bank

Norges Bank acquired a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,179,393 shares of the company's stock, valued at approximately $99,906,000. Norges Bank owned 1.14% of BILL as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of BILL. GAMMA Investing LLC lifted its position in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC boosted its stake in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after buying an additional 173 shares during the period. Fifth Third Bancorp purchased a new stake in BILL during the fourth quarter valued at about $27,000. Global Retirement Partners LLC raised its position in BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after purchasing an additional 377 shares during the period. Finally, UMB Bank n.a. bought a new position in shares of BILL in the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 97.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BILL shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of BILL in a research note on Monday, March 17th. Wells Fargo & Company lowered their price target on shares of BILL from $65.00 to $57.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Keefe, Bruyette & Woods cut their price objective on BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. The Goldman Sachs Group dropped their price objective on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Susquehanna raised their target price on shares of BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $75.44.

BILL Stock Performance

NYSE BILL traded down $3.07 on Friday, hitting $39.53. 4,003,059 shares of the company's stock traded hands, compared to its average volume of 2,256,307. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm's 50-day moving average price is $59.30 and its two-hundred day moving average price is $69.73. BILL Holdings, Inc. has a 1-year low of $38.03 and a 1-year high of $100.19. The firm has a market capitalization of $4.03 billion, a PE ratio of -3,953.00, a P/E/G ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL Profile

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.