Alliancebernstein L.P. Has $10.73 Million Position in BILL Holdings, Inc. (NYSE:BILL)

Alliancebernstein L.P. boosted its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 114.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,622 shares of the company's stock after buying an additional 67,676 shares during the quarter. Alliancebernstein L.P. owned approximately 0.12% of BILL worth $10,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of BILL by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 7,784 shares of the company's stock valued at $411,000 after acquiring an additional 513 shares in the last quarter. National Bank of Canada FI bought a new position in shares of BILL in the 3rd quarter worth about $1,535,000. Y Intercept Hong Kong Ltd grew its position in shares of BILL by 62.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 16,587 shares of the company's stock valued at $875,000 after buying an additional 6,355 shares during the last quarter. Versant Capital Management Inc lifted its holdings in BILL by 26.7% in the fourth quarter. Versant Capital Management Inc now owns 1,615 shares of the company's stock worth $137,000 after acquiring an additional 340 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 97.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BILL shares. Oppenheimer reduced their price objective on BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Robert W. Baird dropped their price objective on shares of BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Keefe, Bruyette & Woods reduced their target price on shares of BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Morgan Stanley upgraded shares of BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a research note on Thursday, January 16th. Finally, Mizuho reduced their price objective on BILL from $70.00 to $53.00 and set a "neutral" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, BILL currently has an average rating of "Moderate Buy" and a consensus target price of $73.39.

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BILL Trading Up 3.0 %

Shares of NYSE:BILL traded up $1.22 during midday trading on Tuesday, reaching $42.42. The company had a trading volume of 324,860 shares, compared to its average volume of 2,272,171. The company has a fifty day simple moving average of $50.51 and a two-hundred day simple moving average of $68.92. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of -4,246.50, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL - Get Free Report) last issued 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%. Research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

BILL Company 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.