BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Centiva Capital LP

Centiva Capital LP cut its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 65.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,648 shares of the company’s stock after selling 10,825 shares during the period. Centiva Capital LP’s holdings in BILL were worth $478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alyeska Investment Group L.P. acquired a new stake in BILL in the fourth quarter valued at $27,405,000. Ardsley Advisory Partners LP bought a new stake in shares of BILL in the 4th quarter worth about $3,473,000. Aristeia Capital L.L.C. acquired a new stake in shares of BILL in the 4th quarter valued at about $3,909,000. AXA S.A. lifted its position in shares of BILL by 0.5% during the fourth quarter. AXA S.A. now owns 81,690 shares of the company’s stock worth $6,920,000 after purchasing an additional 429 shares during the last quarter. Finally, 3G Capital Partners LP acquired a new position in BILL in the fourth quarter worth about $26,260,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Down 6.1 %

Shares of BILL stock opened at $44.66 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The business’s fifty day moving average price is $44.69 and its two-hundred day moving average price is $67.39. The company has a market capitalization of $4.55 billion, a P/E ratio of -4,466.00, a PEG ratio of 29.46 and a beta of 1.44.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The business had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

BILL has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. KeyCorp reduced their price objective on BILL from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Mizuho lowered their target price on shares of BILL from $70.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price target on shares of BILL in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, BILL has an average rating of “Moderate Buy” and an average price target of $65.50.

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.