Harvest Fund Management Co. Ltd Acquires 9,068 Shares of BILL Holdings, Inc. (NYSE:BILL)

Harvest Fund Management Co. Ltd lifted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 15,369.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,127 shares of the company's stock after buying an additional 9,068 shares during the period. Harvest Fund Management Co. Ltd's holdings in BILL were worth $772,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BILL. Abdiel Capital Advisors LP grew its position in BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company's stock worth $270,191,000 after acquiring an additional 1,666,316 shares during the last quarter. Principal Financial Group Inc. grew its holdings 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 worth $33,173,000 after purchasing an additional 384,217 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of BILL by 87.0% in 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 period. Charles Schwab Investment Management Inc. raised its holdings in BILL by 45.3% in the 3rd 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. Finally, Bank of New York Mellon Corp boosted its position in BILL by 51.5% during 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. 97.99% of the stock is currently owned by institutional investors.

Remove Ads

BILL Stock Down 1.0 %

NYSE:BILL traded down $0.50 on Tuesday, hitting $50.35. The stock had a trading volume of 2,157,098 shares, compared to its average volume of 2,192,893. 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 52 week low of $42.82 and a 52 week high of $100.19. The business's fifty day moving average is $67.09 and its 200 day moving average is $70.13. The company has a market cap of $5.13 billion, a PE ratio of -5,035.00, a P/E/G ratio of 29.46 and a beta of 2.00.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BILL has been the subject of several recent research reports. Piper Sandler restated an "overweight" rating and issued a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 target price on shares of BILL in a research report on Monday, March 17th. Oppenheimer reduced their price target on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Susquehanna raised their price objective on BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of BILL from $95.00 to $77.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. One 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $80.89.

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.