Oak Thistle LLC Purchases Shares of 10,982 BILL Holdings, Inc. (NYSE:BILL)

Oak Thistle LLC purchased a new stake in BILL Holdings, Inc. (NYSE:BILLFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,982 shares of the company’s stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lone Pine Capital LLC increased its position in shares of BILL by 39.7% during the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after acquiring an additional 723,151 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of BILL by 136.3% during the third quarter. Ameriprise Financial Inc. now owns 863,459 shares of the company’s stock worth $93,746,000 after acquiring an additional 498,000 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of BILL during the second quarter worth about $54,365,000. Eagle Asset Management Inc. increased its position in shares of BILL by 122.0% during the fourth quarter. Eagle Asset Management Inc. now owns 833,236 shares of the company’s stock worth $91,039,000 after acquiring an additional 457,861 shares in the last quarter. Finally, Carmignac Gestion bought a new stake in shares of BILL during the third quarter worth about $48,037,000. 97.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on BILL. Citigroup boosted their target price on shares of BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. BNP Paribas raised shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 target price for the company in a research report on Wednesday, March 13th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $60.00 price objective (down from $70.00) on shares of BILL in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Finally, Oppenheimer upped their price objective on shares of BILL from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. One 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’s stock. According to MarketBeat.com, BILL presently has an average rating of “Moderate Buy” and an average target price of $106.62.

Get Our Latest Research Report on BILL

Insider Activity at BILL

In related news, SVP Germaine Cota sold 920 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the transaction, the senior vice president now owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.80% of the stock is owned by insiders.

BILL Stock Down 1.0 %

BILL opened at $63.84 on Wednesday. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of -59.11, a PEG ratio of 193.80 and a beta of 1.66. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $67.99 and its two-hundred day moving average price is $77.64. BILL Holdings, Inc. has a twelve month low of $51.94 and a twelve month high of $139.50.

BILL (NYSE:BILLGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The company had revenue of $318.50 million for the quarter, compared to analysts’ expectations of $296.62 million. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. As a group, equities analysts expect that BILL Holdings, Inc. will post 0.02 earnings per share for the current year.

BILL Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BILL (NYSE:BILL)

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