Dynamic Technology Lab Private Ltd decreased its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 60.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,150 shares of the company's stock after selling 9,384 shares during the period. Dynamic Technology Lab Private Ltd's holdings in BILL were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in BILL. Groupama Asset Managment boosted its holdings in BILL by 162.8% during the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after acquiring an additional 3,500,000 shares during the period. Geode Capital Management LLC boosted its stake in shares of BILL by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock valued at $137,528,000 after purchasing an additional 119,711 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of BILL by 112.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock valued at $136,421,000 after purchasing an additional 852,863 shares during the period. Norges Bank bought a new position in shares of BILL in the fourth quarter worth about $99,906,000. Finally, Bank of New York Mellon Corp increased its stake in BILL by 51.5% in the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company's stock worth $68,413,000 after buying an additional 274,701 shares during the period. Hedge funds and other institutional investors own 97.99% of the company's stock.
BILL Trading Up 0.9 %
BILL stock traded up $0.36 during trading on Monday, reaching $41.94. 232,493 shares of the company were exchanged, compared to its average volume of 2,273,609. 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 stock's 50 day simple moving average is $51.62 and its two-hundred day simple moving average is $69.01. The company has a market capitalization of $4.28 billion, a P/E ratio of -4,194.00, a PEG ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19.
BILL (NYSE:BILL - Get Free Report) last issued 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%. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have commented on BILL. The Goldman Sachs Group dropped their target price on shares of BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of BILL in a research report on Monday, March 17th. Canaccord Genuity Group reiterated a "buy" rating and issued a $105.00 target price on shares of BILL in a report on Friday, February 7th. 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 research report on Tuesday, March 18th. Finally, Piper Sandler lowered their target price on shares of BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.61.
Check Out Our Latest Stock Report on BILL
BILL Company Profile
(
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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