BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Abdiel Capital Advisors LP

Abdiel Capital Advisors LP reduced its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,079,371 shares of the company's stock after selling 41,768 shares during the period. BILL comprises 26.5% of Abdiel Capital Advisors LP's holdings, making the stock its largest position. Abdiel Capital Advisors LP owned about 4.91% of BILL worth $430,274,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Legato Capital Management LLC purchased a new position in BILL in the 4th quarter valued at about $828,000. Choreo LLC acquired a new stake in shares of BILL in the fourth quarter worth approximately $409,000. Rhumbline Advisers increased its position in shares of BILL by 153.7% during the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company's stock worth $22,959,000 after purchasing an additional 164,182 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in BILL by 29.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company's stock valued at $1,543,000 after purchasing an additional 4,248 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in BILL in the 4th quarter valued at $919,000. 97.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BILL shares. Wells Fargo & Company reduced their target price on shares of BILL from $57.00 to $43.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Seaport Res Ptn lowered shares of BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. KeyCorp dropped their price target on BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday. Susquehanna lifted their price objective on BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Finally, Mizuho cut their target price on BILL from $70.00 to $53.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $69.28.

BILL Trading Down 0.4 %

BILL stock traded down $0.20 during midday trading on Friday, reaching $45.29. 2,034,738 shares of the stock traded hands, compared to its average volume of 2,276,687. The firm has a market cap of $4.62 billion, a PE ratio of -4,529.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. 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 company has a 50-day simple moving average of $45.41 and a two-hundred day simple moving average of $67.68. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19.

BILL (NYSE:BILL - Get Free Report) last announced 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 return on equity of 1.53% and a net margin of 5.90%. Research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal 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.