BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its holdings in BILL Holdings, Inc. (NYSE:BILL) by 21.1% during the fourth quarter, Holdings Channel reports. The fund owned 5,346 shares of the company’s stock after selling 1,433 shares during the quarter. Private Advisor Group LLC’s holdings in BILL were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake 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 acquiring an additional 131 shares during the period. Crewe Advisors LLC increased its stake in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the period. Fifth Third Bancorp acquired a new stake in shares of BILL in the fourth quarter worth $27,000. Brooklyn Investment Group acquired a new stake in BILL during the third quarter valued at $28,000. Finally, Global Retirement Partners LLC grew its position in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Stock Performance

NYSE:BILL opened at $51.41 on Tuesday. The company’s 50-day moving average price is $78.49 and its 200-day moving average price is $70.66. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market cap of $5.24 billion, a P/E ratio of -5,141.00, a P/E/G ratio of 29.46 and a beta of 1.76. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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%. On average, sell-side analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on BILL shares. The Goldman Sachs Group dropped their price target on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company dropped their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research report on Friday, February 7th. Keefe, Bruyette & Woods dropped their price target on shares of BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Thursday, January 16th. Finally, KeyCorp dropped their price target on shares of BILL from $115.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, BILL has a consensus rating of “Moderate Buy” and a consensus price target of $81.72.

BILL 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.