Private Advisor Group LLC Sells 1,433 Shares of BILL Holdings, Inc. (NYSE:BILL)

Private Advisor Group LLC decreased its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,346 shares of the company’s stock after selling 1,433 shares during the quarter. Private Advisor Group LLC’s holdings in BILL were worth $453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Abdiel Capital Advisors LP lifted its holdings in BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after buying an additional 1,666,316 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after buying an additional 279,256 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after buying an additional 321,400 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of BILL by 5,201.3% in the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after purchasing an additional 384,217 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in shares of BILL by 26.4% in the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock worth $15,647,000 after purchasing an additional 61,471 shares during the period. Institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BILL. Mizuho upped their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company lowered their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Oppenheimer lowered their price target 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Friday, February 7th. Finally, The Goldman Sachs Group lowered 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.72.

BILL Trading Down 6.9 %

Shares of BILL stock opened at $51.41 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $100.19. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of -5,141.00, a PEG ratio of 29.46 and a beta of 1.76. The firm’s 50 day simple moving average is $78.49 and its two-hundred day simple moving average is $70.66.

BILL (NYSE:BILL) last issued its quarterly 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%. Analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current 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.