Taylor Frigon Capital Management LLC Has $3.37 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Taylor Frigon Capital Management LLC lessened its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,746 shares of the company's stock after selling 10,710 shares during the period. BILL comprises approximately 1.7% of Taylor Frigon Capital Management LLC's holdings, making the stock its 12th biggest holding. Taylor Frigon Capital Management LLC's holdings in BILL were worth $3,367,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after buying an additional 131 shares during the period. Crewe Advisors LLC increased its stake in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after buying an additional 173 shares during the period. Fifth Third Bancorp purchased a new stake in BILL during the 4th quarter worth $27,000. Brooklyn Investment Group purchased a new stake in BILL during the 3rd quarter worth $28,000. Finally, Global Retirement Partners LLC increased its stake in BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after buying an additional 377 shares during the period. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Stock Performance

BILL stock traded up $0.90 during midday trading on Friday, reaching $55.22. 2,364,046 shares of the stock traded hands, compared to its average volume of 3,478,552. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average price of $79.25 and a two-hundred day moving average price of $70.48. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of -5,521.50, a PEG ratio of 29.46 and a beta of 1.76. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $100.19.

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BILL (NYSE:BILL - Get Free Report) last posted 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 net margin of 5.90% and a return on equity of 1.53%. On average, equities research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BILL. Wells Fargo & Company dropped their price target on shares of BILL from $65.00 to $57.00 and set an "underweight" rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods decreased their price objective on shares of BILL from $95.00 to $77.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Canaccord Genuity Group reissued a "buy" rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Susquehanna raised their price objective on shares of BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. Finally, Piper Sandler reissued an "overweight" rating and set a $85.00 price objective on shares of BILL in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $81.72.

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.