Gilder Gagnon Howe & Co. LLC Grows Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Gilder Gagnon Howe & Co. LLC increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,892 shares of the company's stock after purchasing an additional 6,815 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in BILL were worth $2,617,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BILL. GAMMA Investing LLC raised its holdings in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after purchasing an additional 173 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of BILL by 4.0% during the fourth quarter. Empowered Funds LLC now owns 5,324 shares of the company's stock worth $451,000 after purchasing an additional 207 shares during the last quarter. Coppell Advisory Solutions LLC raised 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. Finally, Fifth Third Bancorp purchased a new position in shares of BILL during the fourth quarter worth $27,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Trading Down 1.7 %

BILL stock traded down $0.79 during midday trading on Wednesday, hitting $45.59. 1,113,409 shares of the company's stock were exchanged, compared to its average volume of 2,283,051. The business has a 50-day simple moving average of $45.87 and a two-hundred day simple moving average of $67.98. 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 capitalization of $4.65 billion, a PE ratio of -4,559.00, a P/E/G ratio of 29.46 and a beta of 1.88. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BILL. Susquehanna raised their target price on BILL from $91.00 to $100.00 and gave the company a "positive" rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price target on BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. Wells Fargo & Company lowered their price target on BILL from $57.00 to $43.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of BILL in a research report on Monday, March 17th. Finally, Oppenheimer lowered their price target on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.28.

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.