Dimensional Fund Advisors LP Sells 145,740 Shares of BILL Holdings, Inc. (NYSE:BILL)

Dimensional Fund Advisors LP lessened its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,180,581 shares of the company's stock after selling 145,740 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.14% of BILL worth $100,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BILL. GeoWealth Management LLC purchased a new position in BILL in the fourth quarter valued at about $32,000. Alpha DNA Investment Management LLC purchased a new position in shares of BILL in the 4th quarter worth approximately $410,000. CANADA LIFE ASSURANCE Co lifted its position in BILL by 31.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 151,359 shares of the company's stock valued at $12,808,000 after acquiring an additional 36,017 shares during the last quarter. Twenty Acre Capital LP lifted its position in BILL by 25.4% during the fourth quarter. Twenty Acre Capital LP now owns 76,500 shares of the company's stock valued at $6,480,000 after acquiring an additional 15,500 shares during the last quarter. Finally, Iron Gate Global Advisors LLC acquired a new stake in BILL in the fourth quarter valued at approximately $2,721,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Morgan Stanley reiterated an "overweight" rating on shares of BILL in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their price target on BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a report on Monday, March 31st. KeyCorp cut their price objective on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. The Goldman Sachs Group lowered their target price on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Susquehanna upped their price target on shares of BILL from $91.00 to $100.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $70.94.

BILL Price Performance

Shares of BILL stock opened at $45.32 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50 day simple moving average of $46.32 and a two-hundred day simple moving average of $68.20. The stock has a market capitalization of $4.62 billion, a P/E ratio of -4,532.00, a PEG ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (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%. As a group, analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.

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