Sumitomo Mitsui Trust Group Inc. Sells 51,046 Shares of BILL Holdings, Inc. (NYSE:BILL)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 270,715 shares of the company's stock after selling 51,046 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of BILL worth $22,932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BILL. State of Alaska Department of Revenue purchased a new position in shares of BILL in the 4th quarter worth about $919,000. Crewe Advisors LLC raised 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 acquiring an additional 173 shares during the period. Choreo LLC bought a new stake in BILL in the fourth quarter worth about $409,000. Yousif Capital Management LLC purchased a new position in BILL in the fourth quarter valued at about $2,842,000. Finally, Retirement Systems of Alabama bought a new position in shares of BILL during the 4th quarter valued at approximately $9,807,000. Hedge funds and other institutional investors own 97.99% of the company's stock.

Analysts Set New Price Targets

BILL has been the topic of a number of research reports. Mizuho lifted their price target on shares of BILL from $64.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Piper Sandler restated an "overweight" rating and issued a $85.00 target price on shares of BILL in a research note on Friday, February 7th. KeyCorp cut 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. The Goldman Sachs Group decreased their price objective on BILL from $104.00 to $90.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.95.

BILL Price Performance

Shares of BILL stock traded down $0.37 during trading on Wednesday, hitting $61.12. The stock had a trading volume of 2,637,449 shares, compared to its average volume of 3,551,017. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $100.19. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of -6,112.00, a P/E/G ratio of 157.98 and a beta of 1.76. The business's 50-day moving average is $87.91 and its 200 day moving average is $69.79.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.50% and a net margin of 5.90%. As a group, sell-side analysts anticipate that BILL Holdings, Inc. will post 0.04 earnings per share for the current year.

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.