BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in BILL Holdings, Inc. (NYSE:BILL) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,000 shares of the company’s stock after selling 6,900 shares during the period. Swiss National Bank owned approximately 0.28% of BILL worth $24,477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BILL. Lone Pine Capital LLC lifted its holdings in shares of BILL by 39.7% in the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock valued at $276,494,000 after buying an additional 723,151 shares during the period. Ameriprise Financial Inc. grew its stake in shares of BILL by 136.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 863,459 shares of the company’s stock worth $93,746,000 after purchasing an additional 498,000 shares during the last quarter. Carmignac Gestion bought a new stake in shares of BILL in the 3rd quarter worth approximately $48,037,000. Eventide Asset Management LLC acquired a new stake in BILL during the third quarter valued at approximately $19,892,000. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in BILL by 398.4% during the third quarter. Adage Capital Partners GP L.L.C. now owns 125,100 shares of the company’s stock worth $13,582,000 after buying an additional 100,000 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, February 9th. William Blair restated a “market perform” rating on shares of BILL in a report on Friday, May 3rd. Citigroup raised their target price on shares of BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Oppenheimer boosted their price target on shares of BILL from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Finally, Mizuho decreased their price objective on shares of BILL from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, BILL currently has a consensus rating of “Moderate Buy” and an average price target of $97.35.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the sale, the senior vice president now directly owns 5,093 shares in the company, valued at $332,776.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is owned by company insiders.

BILL Stock Down 2.4 %

BILL stock opened at $56.29 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. BILL Holdings, Inc. has a 1-year low of $51.94 and a 1-year high of $139.50. The firm’s fifty day simple moving average is $63.88 and its 200-day simple moving average is $69.81. The company has a market capitalization of $5.92 billion, a P/E ratio of -71.25, a P/E/G ratio of 62.44 and a beta of 1.68.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.26. The company had revenue of $318.50 million for the quarter, compared to analyst estimates of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. Sell-side analysts forecast that BILL Holdings, Inc. will post 0.04 earnings per share for the current fiscal 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.