Comerica Bank Acquires 66,701 Shares of BILL Holdings, Inc. (NYSE:BILL)

Comerica Bank raised its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 294.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,334 shares of the company's stock after acquiring an additional 66,701 shares during the period. Comerica Bank owned approximately 0.09% of BILL worth $7,567,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BILL. GAMMA Investing LLC lifted 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 purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC grew its position in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after acquiring an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of BILL in the 4th quarter worth approximately $27,000. Global Retirement Partners LLC grew its holdings in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after buying an additional 247 shares during the period. Institutional investors own 97.99% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BILL. The Goldman Sachs Group reduced their price target on BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Seaport Res Ptn cut shares of BILL from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price objective on shares of BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Oppenheimer reduced their price target on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, Robert W. Baird cut their price objective on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, BILL presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.28.

BILL Stock Up 3.5 %

BILL stock traded up $1.56 during trading hours on Wednesday, hitting $46.63. The stock had a trading volume of 2,256,721 shares, compared to its average volume of 2,245,352. The stock has a market capitalization of $4.75 billion, a P/E ratio of -4,662.90, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month 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. The stock's 50-day moving average price is $45.05 and its 200-day moving average price is $67.59.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS 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%. Equities research analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.