Tikvah Management LLC Sells 33,500 Shares of BILL Holdings, Inc. (NYSE:BILL)

Tikvah Management LLC decreased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,051 shares of the company’s stock after selling 33,500 shares during the period. BILL accounts for about 2.5% of Tikvah Management LLC’s holdings, making the stock its 13th largest holding. Tikvah Management LLC owned about 0.10% of BILL worth $8,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BILL. Groupama Asset Managment raised its holdings in shares of BILL by 162.8% during the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock valued at $478,611,000 after acquiring an additional 3,500,000 shares in the last quarter. Norges Bank purchased a new position in BILL during the 4th quarter valued at $99,906,000. Arrowstreet Capital Limited Partnership raised its holdings in BILL by 112.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock worth $136,421,000 after purchasing an additional 852,863 shares in the last quarter. Principal Financial Group Inc. lifted its position 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 worth $33,173,000 after purchasing an additional 384,217 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of 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 purchasing an additional 321,400 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

BILL opened at $39.53 on Friday. The company’s 50-day simple moving average is $59.30 and its two-hundred day simple moving average is $69.47. BILL Holdings, Inc. has a 52-week low of $38.03 and a 52-week high of $100.19. The stock has a market capitalization of $4.03 billion, a P/E ratio of -3,953.00, a P/E/G ratio of 29.46 and a beta of 1.88. 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 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%. As a group, analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Oppenheimer decreased their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Keefe, Bruyette & Woods lowered their target price on BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. Susquehanna increased their price objective on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Piper Sandler restated an “overweight” rating and set a $85.00 target price on shares of BILL in a report on Friday, February 7th. Finally, Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.44.

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.