EntryPoint Capital LLC Takes Position in BILL Holdings, Inc. (NYSE:BILL)

EntryPoint Capital LLC acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,033 shares of the company’s stock, valued at approximately $426,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC purchased a new stake in shares of BILL in the 3rd quarter valued at approximately $270,000. Advisors Asset Management Inc. raised its position 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 purchasing an additional 259 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in BILL by 45.3% during the third 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. Algert Global LLC boosted its position in shares of BILL by 11.9% during the third quarter. Algert Global LLC now owns 68,818 shares of the company’s stock worth $3,631,000 after buying an additional 7,300 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of BILL in the third quarter valued at $820,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Price Performance

BILL stock opened at $50.35 on Wednesday. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of -5,035.00, a PEG ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a fifty-two week low of $42.82 and a fifty-two week high of $100.19. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $66.45 and a 200 day moving average price of $70.10.

BILL (NYSE:BILL) last issued its earnings results 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 net margin of 5.90% and a return on equity of 1.53%. Equities research analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Piper Sandler reissued an “overweight” rating and issued a $85.00 price objective on shares of BILL in a research note on Friday, February 7th. Mizuho upped their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Robert W. Baird increased their target price on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research note on Thursday, January 16th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.89.

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.