Aquatic Capital Management LLC Reduces Position in BILL Holdings, Inc. (NYSE:BILL)

Aquatic Capital Management LLC decreased its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,307 shares of the company's stock after selling 40,693 shares during the period. Aquatic Capital Management LLC owned 0.09% of BILL worth $7,565,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in BILL by 26.7% in the fourth quarter. Versant Capital Management Inc now owns 1,615 shares of the company's stock worth $137,000 after buying an additional 340 shares during the last quarter. GAMMA Investing LLC raised its stake in BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after acquiring an additional 131 shares during the period. Everence Capital Management Inc. purchased a new stake in BILL during the fourth quarter valued at about $264,000. Fifth Third Wealth Advisors LLC purchased a new stake in BILL during the fourth quarter valued at about $239,000. Finally, Gateway Investment Advisers LLC bought a new position in BILL during the fourth quarter worth about $1,832,000. 97.99% of the stock is owned by institutional investors.

BILL Price Performance

Shares of BILL stock traded up $0.11 during trading on Friday, hitting $45.60. 1,017,140 shares of the stock traded hands, compared to its average volume of 2,279,664. The firm's fifty day moving average is $45.58 and its 200-day moving average is $67.75. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of -4,566.50, a PEG ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 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.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates 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 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. KeyCorp dropped their price target on shares of BILL from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday. Robert W. Baird cut their price target on BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Mizuho decreased their price objective on BILL from $70.00 to $53.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group cut their target price on BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods decreased their price target on BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $69.28.

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.