CIBC Private Wealth Group LLC decreased its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 71.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,818 shares of the company's stock after selling 29,829 shares during the quarter. CIBC Private Wealth Group LLC's holdings in BILL were worth $975,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its holdings in shares of BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after acquiring an additional 852,863 shares during the period. Orion Portfolio Solutions LLC bought a new position in BILL in the 4th quarter worth about $658,000. Pictet Asset Management Holding SA grew its holdings in BILL by 10.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,708 shares of the company's stock valued at $1,246,000 after buying an additional 1,337 shares in the last quarter. Norges Bank purchased a new stake in shares of BILL in the fourth quarter worth about $99,906,000. Finally, Blair William & Co. IL boosted its position in shares of BILL by 19.4% in the fourth quarter. Blair William & Co. IL now owns 128,018 shares of the company's stock valued at $10,844,000 after acquiring an additional 20,769 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have issued reports on BILL. Morgan Stanley upgraded shares of 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. Mizuho lifted their price objective on BILL from $64.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Keefe, Bruyette & Woods lowered their price target on BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Piper Sandler reissued an "overweight" rating and set a $85.00 price objective on shares of BILL in a report on Friday, February 7th. Finally, KeyCorp decreased their price objective on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $75.44.
Check Out Our Latest Research Report on BILL
BILL Stock Up 0.4 %
BILL stock traded up $0.15 during midday trading on Tuesday, hitting $40.20. The company's stock had a trading volume of 452,750 shares, compared to its average volume of 3,180,594. The firm's 50-day moving average is $58.25 and its 200-day moving average is $69.62. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The company has a market cap of $4.10 billion, a PE ratio of -4,017.20, a P/E/G ratio of 29.46 and a beta of 1.88.
BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data 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 return on equity of 1.53% and a net margin of 5.90%. On average, equities research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.
About BILL
(
Free Report)
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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