GAMMA Investing LLC Raises Position in BILL Holdings, Inc. (NYSE:BILL)

GAMMA Investing LLC boosted its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 18,435.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,720 shares of the company's stock after acquiring an additional 56,414 shares during the quarter. GAMMA Investing LLC owned about 0.06% of BILL worth $2,603,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BILL. CoreCap Advisors LLC acquired a new position in BILL during the fourth quarter worth $30,000. Global Retirement Partners LLC boosted its position 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 last quarter. Coppell Advisory Solutions LLC boosted its holdings in shares of 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 purchasing an additional 247 shares during the last quarter. GeoWealth Management LLC acquired a new stake in BILL in the 4th quarter worth about $32,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in BILL in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Trading Down 5.7%

Shares of BILL stock traded down $2.53 during mid-day trading on Friday, reaching $41.45. 1,998,655 shares of the stock traded hands, compared to its average volume of 2,287,692. The stock's fifty day simple moving average is $44.20 and its two-hundred day simple moving average is $62.75. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The company has a market cap of $4.27 billion, a price-to-earnings ratio of -4,144.50, a price-to-earnings-growth ratio of 29.46 and a beta of 1.36.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share 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 company had revenue of $358.22 million during the quarter, compared to analysts' expectations of $355.85 million. During the same period in the prior year, the company posted $0.60 earnings per share. BILL's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insider Activity at BILL

In related news, SVP Germaine Cota sold 1,718 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $42.55, for a total transaction of $73,100.90. Following the completion of the sale, the senior vice president now directly owns 9,512 shares of the company's stock, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

BILL has been the topic of several research reports. Piper Sandler cut their price target on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. UBS Group lifted their price objective on BILL from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, May 9th. BTIG Research initiated coverage on shares of BILL in a research report on Wednesday, April 30th. They set a "buy" rating and a $60.00 price target on the stock. Citigroup reduced their price objective on BILL from $88.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company decreased their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $62.75.

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.