Charles Schwab Investment Management Inc. Has $73.86 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Charles Schwab Investment Management Inc. lowered its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 871,934 shares of the company's stock after selling 23,899 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.84% of BILL worth $73,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BILL. GAMMA Investing LLC raised its holdings in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC raised its holdings in shares of BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after acquiring an additional 173 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of BILL in the 4th quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in shares of BILL in the 3rd quarter worth about $28,000. Finally, Global Retirement Partners LLC raised its holdings in shares of BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after acquiring an additional 377 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Mizuho upped their target price on shares of BILL from $64.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Susquehanna upped their target price on shares of BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their target price on shares of BILL from $95.00 to $77.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Finally, Oppenheimer decreased their price objective on shares of BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.72.

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BILL Stock Up 2.0 %

BILL stock opened at $44.46 on Wednesday. BILL Holdings, Inc. has a twelve month low of $42.91 and a twelve month high of $100.19. The firm has a 50 day moving average price of $73.73 and a 200-day moving average price of $70.54. The company has a market capitalization of $4.53 billion, a P/E ratio of -4,445.50, a P/E/G ratio of 29.46 and a beta of 2.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL - Get Free Report) last released 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 net margin of 5.90% and a return on equity of 1.53%. As a group, equities analysts predict that BILL Holdings, Inc. will post 0.12 EPS 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.

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