BILL Holdings, Inc. (NYSE:BILL) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 698.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,035 shares of the company's stock after purchasing an additional 40,266 shares during the quarter. Amalgamated Bank's holdings in BILL were worth $3,900,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abdiel Capital Advisors LP grew its position in BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company's stock worth $270,191,000 after acquiring an additional 1,666,316 shares during the period. Principal Financial Group Inc. grew its holdings in shares of 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 during the period. Two Sigma Advisers LP increased its position in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company's stock valued at $47,264,000 after buying an additional 279,256 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in BILL by 51.5% in the fourth quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company's stock valued at $68,413,000 after buying an additional 274,701 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BILL. Oppenheimer reduced their price target on shares of BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on BILL from $65.00 to $57.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Morgan Stanley raised BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a research note on Thursday, January 16th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of BILL in a report on Friday, February 7th. Finally, KeyCorp lowered their target price on BILL from $115.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, BILL has a consensus rating of "Moderate Buy" and a consensus price target of $81.72.

BILL Stock Down 1.4 %

BILL stock traded down $0.74 during midday trading on Tuesday, reaching $50.83. The company's stock had a trading volume of 2,576,349 shares, compared to its average volume of 3,448,850. The company has a market cap of $5.18 billion, a P/E ratio of -5,086.10, a P/E/G ratio of 29.46 and a beta of 1.76. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $78.49 and a 200-day simple moving average of $70.66. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $100.19.

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