Bank of New York Mellon Corp Has $68.41 Million Position in BILL Holdings, Inc. (NYSE:BILL)

Bank of New York Mellon Corp boosted its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 51.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 807,614 shares of the company's stock after acquiring an additional 274,701 shares during the quarter. Bank of New York Mellon Corp owned 0.78% of BILL worth $68,413,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BILL. GAMMA Investing LLC boosted its stake in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC lifted its holdings in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new position in BILL during the fourth quarter worth $27,000. Brooklyn Investment Group bought a new position in BILL during the third quarter worth $28,000. Finally, Global Retirement Partners LLC increased its holdings in shares of BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Trading Down 1.5 %

Shares of BILL stock traded down $0.69 during trading hours on Friday, hitting $46.97. 2,425,564 shares of the company's stock traded hands, compared to its average volume of 3,512,263. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $100.19. The stock has a market cap of $4.79 billion, a PE ratio of -4,682.80, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. The stock's 50 day simple moving average is $76.17 and its 200 day simple moving average is $70.36.

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

Wall Street Analysts Forecast Growth

BILL has been the subject of several research analyst reports. The Goldman Sachs Group reduced their target price on shares of BILL from $104.00 to $90.00 and set a "buy" rating for the company in a report on Friday, February 7th. Susquehanna raised their price objective 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. Robert W. Baird upped their target price on BILL from $74.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Oppenheimer lowered their target price on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, KeyCorp reduced their price target on BILL from $115.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, BILL currently has a consensus rating of "Moderate Buy" and an average price target of $81.72.

About BILL

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.