National Bank of Canada FI Boosts Stake in BILL Holdings, Inc. (NYSE:BILL)

National Bank of Canada FI boosted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 96.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,300 shares of the company's stock after buying an additional 28,200 shares during the quarter. National Bank of Canada FI owned 0.06% of BILL worth $4,854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC raised its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp purchased a new position in shares of BILL during the 4th quarter valued at approximately $27,000. Global Retirement Partners LLC lifted its stake in shares of BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after purchasing an additional 377 shares during the period. Finally, UMB Bank n.a. purchased a new stake in BILL during the fourth quarter worth $35,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. KeyCorp lowered their price target on BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Wells Fargo & Company dropped their price objective on BILL from $65.00 to $57.00 and set an "underweight" rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $105.00 target price on shares of BILL in a research note on Friday, February 7th. Finally, Robert W. Baird cut their price target on shares of BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.61.

BILL Trading Up 0.4 %

BILL stock traded up $0.17 during trading on Friday, reaching $41.52. 1,353,304 shares of the company were exchanged, compared to its average volume of 2,278,720. The stock's 50 day simple moving average is $51.62 and its two-hundred day simple moving average is $68.90. The company has a market capitalization of $4.23 billion, a P/E ratio of -4,151.70, a PEG ratio of 29.46 and a beta of 1.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. 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 announced 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%. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL 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.