Vanguard Group Inc. Has $889.41 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Vanguard Group Inc. reduced its holdings in BILL Holdings, Inc. (NYSE:BILL) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,499,521 shares of the company’s stock after selling 285,944 shares during the period. Vanguard Group Inc. owned about 10.14% of BILL worth $889,414,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC lifted its position in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of BILL during the 4th quarter valued at $27,000. Brooklyn Investment Group purchased a new position in shares of BILL during the 3rd quarter valued at $28,000. Finally, Global Retirement Partners LLC increased its stake in shares of BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after acquiring an additional 377 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on BILL. Keefe, Bruyette & Woods lowered their target price on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and issued a $85.00 target price on shares of BILL in a research report on Friday, February 7th. Oppenheimer cut their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Robert W. Baird increased their target price 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, BILL has a consensus rating of “Moderate Buy” and an average price target of $80.89.

BILL Trading Down 4.5 %

Shares of BILL stock opened at $46.28 on Friday. 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 1 year low of $42.82 and a 1 year high of $100.19. The firm’s fifty day simple moving average is $64.03 and its 200 day simple moving average is $69.74. The firm has a market capitalization of $4.72 billion, a P/E ratio of -4,628.30, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00.

BILL (NYSE:BILL) last announced its quarterly earnings data 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 net margin of 5.90% and a return on equity of 1.53%. As a group, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

About BILL

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.