BILL Holdings, Inc. $BILL Shares Sold by Amundi

Key Points

• Amundi cut its BILL Holdings stake by 93.4% in the first quarter, selling 231,765 shares and retaining 16,382 shares valued at approximately $627,000.
• Other institutional investors substantially increased their positions, while institutions collectively own 97.99% of BILL’s outstanding shares.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $55.95; BILL shares opened at $49.30 after recently rising 2.7%.

Amundi trimmed its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 93.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,382 shares of the company's stock after selling 231,765 shares during the quarter. Amundi's holdings in BILL were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in BILL by 22.8% in the 1st quarter. California State Teachers Retirement System now owns 100,296 shares of the company's stock worth $3,841,000 after purchasing an additional 18,628 shares during the period. Empowered Funds LLC grew its holdings in BILL by 1,331.3% in the first quarter. Empowered Funds LLC now owns 115,145 shares of the company's stock valued at $4,410,000 after purchasing an additional 107,100 shares during the period. Quantinno Capital Management LP lifted its position in shares of BILL by 231.1% during the 1st quarter. Quantinno Capital Management LP now owns 357,007 shares of the company's stock valued at $13,673,000 after buying an additional 249,191 shares in the last quarter. Ardmore Road Asset Management LP lifted its position in shares of BILL by 245.3% during the 1st quarter. Ardmore Road Asset Management LP now owns 109,100 shares of the company's stock valued at $4,179,000 after buying an additional 77,507 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in BILL by 743.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 264,036 shares of the company's stock valued at $10,113,000 after acquiring an additional 232,731 shares during the period. Hedge funds and other institutional investors own 97.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BILL shares. Zacks Research downgraded shares of BILL from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Weiss Ratings upgraded BILL from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, May 20th. Robert W. Baird boosted their price objective on BILL from $50.00 to $54.00 and gave the stock a "neutral" rating in a research note on Monday, May 11th. Oppenheimer set a $55.00 price objective on BILL and gave the stock an "outperform" rating in a research note on Friday, May 8th. Finally, BMO Capital Markets increased their target price on BILL from $43.00 to $46.00 and gave the company a "market perform" rating in a report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $55.95.

BILL Stock Up 2.7%

Shares of BILL opened at $49.30 on Tuesday. BILL Holdings, Inc. has a 52-week low of $31.41 and a 52-week high of $57.21. The company has a market capitalization of $4.91 billion, a PE ratio of -4,925.07, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13. The stock has a fifty day simple moving average of $39.79 and a two-hundred day simple moving average of $40.43. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

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. It also offers onboarding implementation support, and ongoing support and training services.

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