Adage Capital Partners GP L.L.C. Lowers Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Adage Capital Partners GP L.L.C. lessened its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 88.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,013 shares of the company's stock after selling 52,000 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in BILL were worth $594,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BILL. GAMMA Investing LLC boosted its holdings in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after buying an additional 131 shares during the period. Crewe Advisors LLC raised its position in shares of BILL by 129.1% during 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 in the last quarter. Fifth Third Bancorp purchased a new stake in BILL during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its stake in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after buying an additional 377 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its stake in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after purchasing an additional 247 shares during the period. 97.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Susquehanna boosted their price objective on BILL from $91.00 to $100.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. BTIG Research started coverage on BILL in a report on Wednesday. They issued a "buy" rating and a $60.00 price objective for the company. Canaccord Genuity Group restated a "buy" rating and set a $105.00 target price on shares of BILL in a report on Friday, February 7th. Morgan Stanley reiterated an "overweight" rating on shares of BILL in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group lowered their target price on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $69.28.

BILL Trading Down 0.4 %

BILL stock traded down $0.20 during trading on Friday, reaching $45.29. 2,034,738 shares of the stock were exchanged, compared to its average volume of 2,276,687. The business has a 50 day moving average price of $45.41 and a 200-day moving average price of $67.68. BILL Holdings, Inc. has a 1 year low of $36.55 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. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of -4,529.00, a P/E/G ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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%. On average, research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share 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.