Tairen Capital Ltd Acquires 11,027 Shares of BILL Holdings, Inc. (NYSE:BILL)

Tairen Capital Ltd boosted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,500 shares of the company's stock after purchasing an additional 11,027 shares during the period. BILL makes up approximately 1.1% of Tairen Capital Ltd's holdings, making the stock its 23rd biggest position. Tairen Capital Ltd owned about 0.09% of BILL worth $7,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BILL. Fifth Third Wealth Advisors LLC acquired a new position in shares of BILL in the 4th quarter valued at $239,000. Gateway Investment Advisers LLC purchased a new stake in BILL during the fourth quarter valued at about $1,832,000. Kera Capital Partners Inc. purchased a new stake in BILL during the fourth quarter valued at about $259,000. Aaron Wealth Advisors LLC boosted its holdings in shares of BILL by 10.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 4,618 shares of the company's stock worth $391,000 after buying an additional 455 shares during the period. Finally, UMB Bank n.a. purchased a new position in shares of BILL in the fourth quarter worth approximately $35,000. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Stock Down 0.2%

BILL stock traded down $0.08 during trading hours on Friday, hitting $43.98. The company's stock had a trading volume of 869,056 shares, compared to its average volume of 2,283,515. The stock has a 50 day moving average price of $44.74 and a two-hundred day moving average price of $66.66. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The company has a market capitalization of $4.53 billion, a PE ratio of -4,394.10, a price-to-earnings-growth ratio of 29.46 and a beta of 1.44. 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 (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.13. BILL had a return on equity of 1.53% and a net margin of 5.90%. The business had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same period last year, the business earned $0.60 EPS. The firm's revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Seaport Res Ptn lowered BILL from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th. Citigroup decreased their target price on BILL from $88.00 to $67.00 and set a "buy" rating for the company in a research report on Thursday. The Goldman Sachs Group dropped 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. Finally, Wells Fargo & Company decreased their price objective on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.84.

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.