BILL Holdings, Inc. (NYSE:BILL) Position Trimmed by US Bancorp DE

US Bancorp DE decreased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,405 shares of the company’s stock after selling 950 shares during the period. US Bancorp DE’s holdings in BILL were worth $458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BILL. Abdiel Capital Advisors LP boosted its holdings in shares of BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after acquiring an additional 1,666,316 shares during the period. Principal Financial Group Inc. boosted its position in shares of BILL by 5,201.3% during 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. Two Sigma Advisers LP lifted its stake in BILL by 87.0% during the third 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. Charles Schwab Investment Management Inc. lifted its stake in BILL by 45.3% during the third 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. Finally, Bank of New York Mellon Corp lifted its position in shares of BILL by 51.5% in the fourth quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after purchasing an additional 274,701 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BILL shares. Susquehanna increased their price target on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price target on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $85.00 price objective on shares of BILL in a research note on Friday, February 7th. Mizuho lifted their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Oppenheimer decreased their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. One 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. According to MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and an average target price of $81.72.

BILL Price Performance

Shares of BILL stock opened at $45.88 on Thursday. The stock has a 50-day moving average price of $72.96 and a 200 day moving average price of $70.37. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of -4,587.60, a PEG ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 12 month low of $42.91 and a 12 month high of $100.19.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 EPS 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.