Centiva Capital LP Has $478,000 Position in BILL Holdings, Inc. (NYSE:BILL)

Centiva Capital LP decreased its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 65.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,648 shares of the company's stock after selling 10,825 shares during the period. Centiva Capital LP's holdings in BILL were worth $478,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. GAMMA Investing LLC raised its stake in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC raised its stake in BILL by 129.1% during 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 acquired a new stake in BILL during the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC raised its stake in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after acquiring an additional 247 shares during the period. Finally, Global Retirement Partners LLC raised 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 acquiring an additional 377 shares during the period. Institutional investors own 97.99% of the company's stock.

BILL Price Performance

BILL stock traded up $0.22 during mid-day trading on Wednesday, hitting $47.95. The company's stock had a trading volume of 2,477,720 shares, compared to its average volume of 2,282,960. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $4.89 billion, a P/E ratio of -4,795.00, a P/E/G ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. The stock's fifty day moving average price is $44.65 and its two-hundred day moving average price is $67.28.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on BILL shares. The Goldman Sachs Group dropped their price objective on shares of BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Canaccord Genuity Group cut their price target on BILL from $105.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday. Morgan Stanley cut their price target on BILL from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. UBS Group lifted their price target on BILL from $60.00 to $65.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Needham & Company LLC cut their price target on BILL from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, May 9th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.67.

BILL 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.