Geode Capital Management LLC trimmed its position in BILL Holdings, Inc. (NYSE:BILL – Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,550,571 shares of the company’s stock after selling 77,243 shares during the period. Geode Capital Management LLC’s holdings in BILL were worth $84,587,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in BILL by 27.2% in the fourth quarter. GAMMA Investing LLC now owns 1,243 shares of the company’s stock valued at $68,000 after acquiring an additional 266 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of BILL by 1.3% in the second quarter. Thrivent Financial for Lutherans now owns 25,175 shares of the company’s stock worth $1,165,000 after buying an additional 327 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of BILL by 46.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,267 shares of the company’s stock worth $69,000 after buying an additional 401 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of BILL by 1.7% in the third quarter. Public Employees Retirement System of Ohio now owns 29,099 shares of the company’s stock worth $1,541,000 after buying an additional 484 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of BILL by 972.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock worth $28,000 after buying an additional 486 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.
BILL Trading Up 0.0%
Shares of BILL stock opened at $35.98 on Monday. BILL Holdings, Inc. has a 1 year low of $34.35 and a 1 year high of $57.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a fifty day moving average price of $37.86 and a 200 day moving average price of $44.40. The stock has a market cap of $3.58 billion, a PE ratio of -3,593.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20.
BILL News Summary
Here are the key news stories impacting BILL this week:
- Neutral Sentiment: Several headlines focus on government policy and spending bills, including immigration, border funding, Ukraine aid, and food assistance. These are not direct catalysts for BILL Holdings, but they can influence market sentiment around fintech and small-cap growth stocks if investors are becoming more risk-averse.
- Neutral Sentiment: A New York bill banning prices based on personal data and Illinois regulation around high-speed e-bikes highlight a more active regulatory environment, but they do not appear to have a direct impact on BILL‘s business model.
- Neutral Sentiment: Consumer-finance articles about avoiding hospital bill mistakes and IRA tax planning are informational only and do not provide a company-specific catalyst for BILL Holdings.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of BILL from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Oppenheimer set a $55.00 price target on shares of BILL and gave the stock an “outperform” rating in a report on Friday, May 8th. Truist Financial decreased their price target on shares of BILL from $46.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. JPMorgan Chase & Co. decreased their price target on shares of BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Friday. Finally, Weiss Ratings raised shares of BILL from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and an average price target of $56.30.
Get Our Latest Stock Report on BILL
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. It also offers onboarding implementation support, and ongoing support and training services.
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