Xponance Inc. Grows Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Xponance Inc. boosted its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 123.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,680 shares of the company's stock after acquiring an additional 7,566 shares during the period. Xponance Inc.'s holdings in BILL were worth $1,159,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Legato Capital Management LLC purchased a new stake in BILL in the fourth quarter worth about $828,000. Choreo LLC bought a new stake in shares of BILL during the 4th quarter valued at $409,000. Rhumbline Advisers increased its stake in shares of BILL by 153.7% in the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company's stock worth $22,959,000 after acquiring an additional 164,182 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in BILL during the 3rd quarter valued at about $820,000. Finally, Chicago Partners Investment Group LLC boosted its stake in BILL by 29.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company's stock worth $1,543,000 after acquiring an additional 4,248 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Price Performance

Shares of BILL stock traded down $0.08 on Thursday, hitting $48.49. 1,299,608 shares of the company traded hands, compared to its average volume of 2,190,633. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The business has a 50-day simple moving average of $65.68 and a 200 day simple moving average of $69.95. BILL Holdings, Inc. has a 52 week low of $42.82 and a 52 week high of $100.19. The stock has a market capitalization of $4.94 billion, a P/E ratio of -4,849.40, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on BILL shares. Robert W. Baird lifted their price objective on BILL from $74.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Piper Sandler reaffirmed an "overweight" rating and set a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. Keefe, Bruyette & Woods decreased their target price on BILL from $95.00 to $77.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. 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 report on Friday, February 7th. Finally, KeyCorp lowered their price objective on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, BILL has an average rating of "Moderate Buy" and a consensus price target of $80.89.

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.