BILL Holdings, Inc. (NYSE:BILL) Stock Holdings Lowered by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,387 shares of the company's stock after selling 7,900 shares during the period. Peregrine Capital Management LLC owned 0.09% of BILL worth $8,080,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BILL. Abdiel Capital Advisors LP boosted its holdings in BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company's stock valued at $270,191,000 after acquiring an additional 1,666,316 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in BILL by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company's stock valued at $47,264,000 after acquiring an additional 279,256 shares during the last quarter. Two Sigma Advisers LP increased its position in BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company's stock worth $36,447,000 after purchasing an additional 321,400 shares in the last quarter. Principal Financial Group Inc. increased its position in BILL by 5,201.3% during the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company's stock worth $33,173,000 after purchasing an additional 384,217 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company's stock worth $20,083,000 after purchasing an additional 284,935 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Stock Down 6.9 %

NYSE BILL traded down $3.90 on Friday, hitting $52.63. 4,586,780 shares of the stock traded hands, compared to its average volume of 3,566,695. The company has a market capitalization of $5.37 billion, a P/E ratio of -5,263.40, a price-to-earnings-growth ratio of 32.38 and a beta of 1.76. The stock has a 50-day moving average of $83.28 and a 200 day moving average of $69.97. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $100.19.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data 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 return on equity of 1.53% and a net margin of 5.90%. As a group, analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BILL has been the subject of a number of research reports. KeyCorp decreased their price target on shares of BILL from $115.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Piper Sandler reaffirmed an "overweight" rating and set a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Oppenheimer lowered their target price on BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company lowered their target price on BILL from $65.00 to $57.00 and set an "underweight" rating for the company in a research note on Friday, February 7th. Finally, Morgan Stanley upgraded BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 target price for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, BILL currently has a consensus rating of "Moderate Buy" and a consensus target price 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.