UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $73.97 Million Position in BILL Holdings, Inc. (NYSE:BILL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 873,211 shares of the company's stock after selling 134,748 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.84% of BILL worth $73,970,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Crewe Advisors LLC grew its holdings in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after purchasing an additional 173 shares during the period. Empowered Funds LLC boosted its holdings in shares of BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company's stock valued at $451,000 after purchasing an additional 207 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of BILL by 202.5% during the 4th 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. Fifth Third Bancorp acquired a new stake in shares of BILL during the 4th quarter worth $27,000. Finally, CoreCap Advisors LLC purchased a new position in shares of BILL in the 4th quarter worth $30,000. 97.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BILL shares. Morgan Stanley cut their target price on shares of BILL from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Robert W. Baird cut their price objective on shares of BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company cut their target price on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research report on Friday, May 9th. KeyCorp decreased 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. Finally, BTIG Research began coverage on BILL in a research note on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.84.

BILL Stock Performance

Shares of BILL traded down $1.17 during trading hours on Thursday, reaching $43.31. 1,814,515 shares of the company traded hands, compared to its average volume of 2,292,752. The stock's fifty day moving average is $44.49 and its 200 day moving average is $66.05. The stock has a market cap of $4.46 billion, a P/E ratio of -4,331.00, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $358.22 million during the quarter, compared to analysts' expectations of $355.85 million. During the same period last year, the firm posted $0.60 EPS. The business's revenue was up 10.9% on a year-over-year basis. Equities research analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

About BILL

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.