Deutsche Bank AG Has $944,000 Position in BILL Holdings, Inc. (NYSE:BILL)

Deutsche Bank AG decreased its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 49.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,148 shares of the company's stock after selling 10,831 shares during the period. Deutsche Bank AG's holdings in BILL were worth $944,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Diker Management LLC boosted its holdings in shares of BILL by 200.0% during the fourth quarter. Diker Management LLC now owns 60,000 shares of the company's stock worth $5,083,000 after purchasing an additional 40,000 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in shares of BILL during the fourth quarter worth $30,000. Corton Capital Inc. acquired a new position in BILL in the fourth quarter valued at $398,000. Cetera Investment Advisers acquired a new position in BILL in the fourth quarter valued at $467,000. Finally, Alyeska Investment Group L.P. acquired a new position in BILL in the fourth quarter valued at $27,405,000. Hedge funds and other institutional investors own 97.99% of the company's stock.

Wall Street Analyst Weigh In

BILL has been the topic of a number of research analyst reports. Needham & Company LLC reduced their target price on BILL from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Piper Sandler reduced their target price on BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. KeyCorp reduced their target price on BILL from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Citigroup reduced their target price on BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, BTIG Research initiated coverage on BILL in a report on Wednesday, April 30th. They issued a "buy" rating and a $60.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, BILL presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.84.

BILL Stock Up 0.8%

BILL stock traded up $0.34 during mid-day trading on Friday, hitting $43.74. 2,534,444 shares of the company's stock were exchanged, compared to its average volume of 2,282,142. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The stock has a market cap of $4.51 billion, a P/E ratio of -4,374.00, a P/E/G ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The stock has a 50 day moving average of $44.21 and a two-hundred day moving average of $65.28.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, beating 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 business had revenue of $358.22 million during the quarter, compared to analysts' expectations of $355.85 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm's revenue was up 10.9% on a year-over-year basis. As a group, 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.