Bridgefront Capital LLC Sells 5,833 Shares of BILL Holdings, Inc. (NYSE:BILL)

Bridgefront Capital LLC reduced its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 65.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,012 shares of the company's stock after selling 5,833 shares during the quarter. Bridgefront Capital LLC's holdings in BILL were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BILL. Alyeska Investment Group L.P. acquired a new stake in BILL in the fourth quarter valued at approximately $27,405,000. Ardsley Advisory Partners LP acquired a new stake in shares of BILL during the fourth quarter worth approximately $3,473,000. Aristeia Capital L.L.C. bought a new stake in shares of BILL in the fourth quarter worth $3,909,000. AXA S.A. boosted its stake in BILL by 0.5% during the 4th quarter. AXA S.A. now owns 81,690 shares of the company's stock valued at $6,920,000 after acquiring an additional 429 shares during the last quarter. Finally, 3G Capital Partners LP bought a new stake in shares of BILL in the 4th quarter worth approximately $26,260,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Trading Up 0.7%

Shares of NYSE BILL traded up $0.33 during mid-day trading on Tuesday, hitting $47.70. The stock had a trading volume of 731,104 shares, compared to its average volume of 2,876,069. The business has a 50 day moving average price of $44.65 and a two-hundred day moving average price of $67.42. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19. The firm has a market cap of $4.86 billion, a P/E ratio of -4,770.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.13. The firm had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. BILL had a return on equity of 1.53% and a net margin of 5.90%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. On average, equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on BILL. Robert W. Baird dropped their target price on shares of BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. UBS Group upped their target price on BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday. BTIG Research began coverage on BILL in a report on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price objective for the company. Oppenheimer increased their price objective on BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday. Finally, The Goldman Sachs Group cut their price target on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $63.67.

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.