SBI Securities Co. Ltd. Buys Shares of 732 BILL Holdings, Inc. (NYSE:BILL)

SBI Securities Co. Ltd. bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 732 shares of the company’s stock, valued at approximately $62,000.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 173 shares during the period. Empowered Funds LLC increased its holdings in shares of BILL by 4.0% during the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock worth $451,000 after buying an additional 207 shares during the last quarter. Covestor Ltd raised its position in shares of BILL by 15.1% during the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after buying an additional 249 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after acquiring an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BILL. The Goldman Sachs Group cut their target price on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Robert W. Baird raised their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Oppenheimer decreased their target price on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and set a $85.00 price target on shares of BILL in a research report on Friday, February 7th. Finally, Wells Fargo & Company decreased their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, BILL presently has an average rating of “Moderate Buy” and an average price target of $81.72.

BILL Price Performance

BILL stock opened at $47.24 on Monday. The business’s 50-day moving average is $75.38 and its two-hundred day moving average is $70.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $4.82 billion, a P/E ratio of -4,723.90, a P/E/G ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) 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%. Analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

BILL Company 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.