Hsbc Holdings PLC Has $1.12 Million Position in BILL Holdings, Inc. (NYSE:BILL)

Hsbc Holdings PLC reduced its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 58.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,131 shares of the company's stock after selling 18,832 shares during the period. Hsbc Holdings PLC's holdings in BILL were worth $1,117,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BILL. GAMMA Investing LLC raised its position 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 period. Crewe Advisors LLC lifted its stake 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 buying an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of BILL in the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC increased its position in shares of 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 in the last quarter. Finally, GeoWealth Management LLC acquired a new stake in shares of BILL during the fourth quarter worth $32,000. 97.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on BILL shares. Oppenheimer dropped their price target on BILL from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Seaport Res Ptn cut BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of BILL in a research note on Monday, March 17th. Mizuho reduced their target price on shares of BILL from $70.00 to $53.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Susquehanna lifted their price target on shares of BILL from $91.00 to $100.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, BILL presently has an average rating of "Moderate Buy" and a consensus price target of $69.28.

BILL Stock Performance

BILL stock traded up $1.56 during trading hours on Wednesday, hitting $46.63. 2,256,721 shares of the stock were exchanged, compared to its average volume of 2,245,351. The company has a 50-day simple moving average of $45.05 and a two-hundred day simple moving average of $67.59. The firm has a market capitalization of $4.75 billion, a P/E ratio of -4,662.90, a P/E/G ratio of 29.46 and a beta of 1.44. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) 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, analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share 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.