BILL Holdings, Inc. (NYSE:BILL) Holdings Reduced by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,387 shares of the company’s stock after selling 7,900 shares during the period. Peregrine Capital Management LLC owned 0.09% of BILL worth $8,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BILL. Abdiel Capital Advisors LP lifted its holdings in BILL by 48.2% in the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after acquiring an additional 1,666,316 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after purchasing an additional 279,256 shares in the last quarter. Two Sigma Advisers LP lifted its stake in BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in BILL by 5,201.3% during the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after buying an additional 384,217 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in BILL by 297.7% in the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after buying an additional 284,935 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Trading Up 0.3 %

Shares of NYSE:BILL opened at $60.02 on Wednesday. The company has a 50-day simple moving average of $84.59 and a 200 day simple moving average of $70.15. The company has a market capitalization of $6.21 billion, a P/E ratio of -6,001.90, a price-to-earnings-growth ratio of 157.98 and a beta of 1.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week 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 analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.50%. Sell-side analysts forecast that BILL Holdings, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

BILL has been the subject of several analyst reports. Susquehanna upped their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Mizuho upped their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Oppenheimer dropped 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 restated an “overweight” rating and set a $85.00 price target on shares of BILL in a report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.72.

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.