ING Groep NV Has $1.14 Million Position in BILL Holdings, Inc. (NYSE:BILL)

ING Groep NV decreased its position in BILL Holdings, Inc. (NYSE:BILL) by 85.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,418 shares of the company’s stock after selling 79,382 shares during the quarter. ING Groep NV’s holdings in BILL were worth $1,137,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC increased its holdings in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 173 shares during the period. Fifth Third Bancorp bought a new stake in BILL in the fourth quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in shares of BILL in the 3rd quarter valued at approximately $28,000. Finally, Global Retirement Partners LLC grew its position in BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after acquiring an additional 377 shares during the period. 97.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BILL has been the subject of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price objective on shares of BILL in a report on Friday, February 7th. Keefe, Bruyette & Woods decreased their price objective on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Mizuho boosted their target price on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. The Goldman Sachs Group cut their price objective on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Robert W. Baird lifted their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.72.

BILL Price Performance

Shares of NYSE BILL opened at $52.63 on Monday. The company has a fifty day moving average price of $82.58 and a 200 day moving average price of $70.39. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $100.19. The firm has a market cap of $5.37 billion, a PE ratio of -5,263.40, a PEG ratio of 31.59 and a beta of 1.76. 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 (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 net margin of 5.90% and a return on equity of 1.53%. Research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal 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.