BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,061 shares of the company's stock after selling 5,304 shares during the period. BILL comprises 0.9% of Stanley Laman Group Ltd.'s investment portfolio, making the stock its 21st largest position. Stanley Laman Group Ltd. owned 0.07% of BILL worth $6,274,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Abdiel Capital Advisors LP increased its stake in shares of BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company's stock valued at $270,191,000 after buying an additional 1,666,316 shares during the period. 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 worth $47,264,000 after acquiring an additional 279,256 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company's stock worth $36,447,000 after acquiring an additional 321,400 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in BILL by 297.7% in the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company's stock worth $20,083,000 after acquiring an additional 284,935 shares in the last quarter. Finally, Iridian Asset Management LLC CT lifted its holdings in shares of BILL by 26.9% during the third quarter. Iridian Asset Management LLC CT now owns 294,668 shares of the company's stock valued at $15,547,000 after purchasing an additional 62,499 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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BILL Trading Down 1.8 %

Shares of NYSE BILL traded down $1.08 during midday trading on Friday, hitting $59.80. The company's stock had a trading volume of 4,694,181 shares, compared to its average volume of 2,205,951. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $85.84 and its two-hundred day moving average is $69.84. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $100.19.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly 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 net margin of 5.90% and a return on equity of 1.50%. Sell-side analysts expect that BILL Holdings, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BILL. Canaccord Genuity Group reaffirmed a "buy" rating and set a $105.00 price target on shares of BILL in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on BILL from $65.00 to $57.00 and set an "underweight" rating for the company in a research report 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. Keefe, Bruyette & Woods dropped their price objective on BILL from $95.00 to $77.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, Mizuho increased their price target on BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. One 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 MarketBeat.com, BILL currently has an average 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.