Vanguard Group Inc. Has $889.41 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Vanguard Group Inc. cut its stake in BILL Holdings, Inc. (NYSE:BILL) by 2.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,499,521 shares of the company’s stock after selling 285,944 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of BILL worth $889,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Abdiel Capital Advisors LP raised its stake in BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after acquiring an additional 1,666,316 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of BILL by 5,201.3% during the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after purchasing an additional 384,217 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after purchasing an additional 321,400 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in BILL by 51.5% in the fourth quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock valued at $68,413,000 after buying an additional 274,701 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Oppenheimer cut their target price on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Susquehanna lifted their price objective on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Mizuho raised their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, KeyCorp reduced their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and an average price target of $80.89.

BILL Stock Performance

Shares of BILL stock opened at $46.28 on Friday. The firm has a fifty day moving average of $64.03 and a two-hundred day moving average of $69.74. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of -4,628.30, a PEG ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 52 week low of $42.82 and a 52 week high of $100.19.

BILL (NYSE:BILL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS 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 1.53%. As a group, equities research analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current 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.