Empower Advisory Group LLC Reduces Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Empower Advisory Group LLC cut its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 39.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,396 shares of the company's stock after selling 15,000 shares during the period. Empower Advisory Group LLC's holdings in BILL were worth $1,982,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BILL. Abdiel Capital Advisors LP boosted its position in shares of BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company's stock valued at $270,191,000 after buying an additional 1,666,316 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of BILL by 5,201.3% during the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company's stock valued at $33,173,000 after buying an additional 384,217 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company's stock valued at $36,447,000 after buying an additional 321,400 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company's stock valued at $20,083,000 after buying an additional 284,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company's stock valued at $47,264,000 after buying an additional 279,256 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on BILL. Robert W. Baird raised their target price on BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods dropped their target price on BILL from $95.00 to $77.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group dropped their target price on BILL from $104.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of BILL in a research report on Friday, February 7th. Finally, Morgan Stanley raised BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 price objective on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, BILL currently has a consensus rating of "Moderate Buy" and an average price target of $81.72.

BILL Price Performance

NYSE BILL traded down $3.90 during trading on Friday, hitting $52.63. 4,586,780 shares of the stock traded hands, compared to its average volume of 3,566,695. The company has a market capitalization of $5.37 billion, a P/E ratio of -5,263.40, a price-to-earnings-growth ratio of 32.38 and a beta of 1.76. The firm has a 50-day simple moving average of $83.28 and a 200-day simple moving average of $69.97. 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 Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $100.19.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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 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.