BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lessened its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 95.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,453 shares of the company's stock after selling 53,108 shares during the period. Aigen Investment Management LP's holdings in BILL were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after buying an additional 131 shares in the last quarter. Crewe Advisors LLC lifted its position in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of BILL during the fourth quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of BILL in the third quarter worth approximately $28,000. Finally, Global Retirement Partners LLC increased its stake in BILL by 12,566.7% in the fourth 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. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Trading Up 1.8 %

Shares of BILL traded up $0.77 during midday trading on Tuesday, hitting $44.36. 1,416,841 shares of the stock were exchanged, compared to its average volume of 3,519,823. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $4.52 billion, a P/E ratio of -4,428.20, a P/E/G ratio of 29.46 and a beta of 2.00. The stock has a fifty day simple moving average of $74.54 and a 200 day simple moving average of $70.56. BILL Holdings, Inc. has a 52-week low of $42.91 and a 52-week high of $100.19.

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BILL (NYSE:BILL - Get Free Report) last posted its 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%. On average, research analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

BILL has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on shares of BILL from $65.00 to $57.00 and set an "underweight" rating for the company in a report on Friday, February 7th. Keefe, Bruyette & Woods dropped their target price on BILL from $95.00 to $77.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of BILL in a research report on Friday, February 7th. Piper Sandler restated an "overweight" rating and set a $85.00 price objective on shares of BILL 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 on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $81.72.

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.