172,616 Shares in BILL Holdings, Inc. (NYSE:BILL) Bought by Transce3nd LLC

Transce3nd LLC purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 172,616 shares of the company's stock, valued at approximately $14,625,000. BILL accounts for about 5.0% of Transce3nd LLC's investment portfolio, making the stock its 5th biggest position. Transce3nd LLC owned about 0.17% of BILL as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in BILL. GAMMA Investing LLC boosted its position in shares of BILL by 74.9% during the fourth 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 boosted its position 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 acquiring an additional 173 shares during the period. Fifth Third Bancorp bought a new position in shares of BILL in the fourth quarter worth $27,000. Global Retirement Partners LLC raised its stake in shares of BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new stake in BILL in the fourth quarter worth about $32,000. Institutional investors own 97.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price objective on shares of BILL in a research note on Monday, March 17th. Keefe, Bruyette & Woods cut their price target on shares of BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Robert W. Baird lowered their price objective on shares of BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Oppenheimer cut their target price on shares of BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Finally, Wells Fargo & Company decreased their price target on shares of BILL from $57.00 to $43.00 and set an "underweight" rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $70.94.

BILL Stock Performance

BILL stock traded up $2.26 during midday trading on Thursday, hitting $44.83. 1,588,449 shares of the company traded hands, compared to its average volume of 2,274,155. The business has a 50 day simple moving average of $46.92 and a 200-day simple moving average of $68.14. 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 twelve month low of $36.55 and a twelve month high of $100.19. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of -4,483.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88.

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%. As a group, equities research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share 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.