BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its holdings in BILL Holdings, Inc. (NYSE:BILL) by 40.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,928 shares of the company’s stock after selling 2,702 shares during the period. Vontobel Holding Ltd.’s holdings in BILL were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings 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 acquiring an additional 131 shares in the last quarter. Crewe Advisors LLC grew its holdings 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 in the last quarter. Fifth Third Bancorp acquired a new position in BILL during the 4th quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in BILL during the 3rd quarter worth approximately $28,000. Finally, UMB Bank n.a. purchased a new stake in shares of BILL during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Trading Down 2.5 %

NYSE:BILL opened at $56.50 on Friday. The stock’s 50 day moving average price is $83.28 and its 200 day moving average price is $69.97. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $100.19. The company has a market capitalization of $5.76 billion, a P/E ratio of -5,650.10, a P/E/G ratio of 33.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL) last announced 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, research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BILL has been the subject of several research reports. The Goldman Sachs Group reduced their price target on shares of BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating and issued a $105.00 price target on shares of BILL in a research report on Friday, February 7th. Oppenheimer cut their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Thursday, January 16th. Finally, Robert W. Baird upped their price objective on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and a consensus 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.