ING Groep NV Sells 79,382 Shares of BILL Holdings, Inc. (NYSE:BILL)

ING Groep NV trimmed its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 85.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,418 shares of the company’s stock after selling 79,382 shares during the quarter. ING Groep NV’s holdings in BILL were worth $1,137,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of BILL by 74.9% in 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 lifted its stake in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after acquiring an additional 173 shares during the period. Fifth Third Bancorp bought a new stake in BILL in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in BILL during the 3rd quarter valued at approximately $28,000. Finally, Global Retirement Partners LLC raised its holdings in BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after purchasing an additional 377 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

BILL Stock Down 6.9 %

BILL stock opened at $52.63 on Monday. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of -5,263.40, a price-to-earnings-growth ratio of 31.59 and a beta of 1.76. The firm’s fifty day moving average price is $82.58 and its two-hundred day moving average price is $70.39. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (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%. On average, equities research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BILL shares. The Goldman Sachs Group reduced their price objective on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods lowered their price objective on BILL from $95.00 to $77.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Susquehanna raised their target price on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Mizuho boosted their price target on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price objective on shares of BILL in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.