BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. reduced its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 396,828 shares of the company's stock after selling 34,233 shares during the quarter. Nikko Asset Management Americas Inc. owned 0.37% of BILL worth $32,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BILL. Vanguard Group Inc. increased its position in shares of BILL by 0.7% in the third quarter. Vanguard Group Inc. now owns 9,719,104 shares of the company's stock valued at $1,055,203,000 after buying an additional 66,951 shares in the last quarter. Lone Pine Capital LLC lifted its holdings in shares of BILL by 39.7% in the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company's stock valued at $276,494,000 after purchasing an additional 723,151 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of BILL by 136.3% in the third quarter. Ameriprise Financial Inc. now owns 863,459 shares of the company's stock valued at $93,746,000 after purchasing an additional 498,000 shares during the last quarter. Zevenbergen Capital Investments LLC grew its holdings in BILL by 1.2% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 768,041 shares of the company's stock valued at $83,386,000 after buying an additional 9,338 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in BILL by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 595,661 shares of the company's stock worth $48,600,000 after buying an additional 16,467 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on BILL shares. Citigroup upped their target price on BILL from $85.00 to $86.00 and gave the company a "buy" rating in a research note on Monday, February 12th. Piper Sandler lowered their price objective on shares of BILL from $95.00 to $77.00 and set an "overweight" rating for the company in a research note on Friday, April 12th. Canaccord Genuity Group reiterated a "buy" rating and issued a $100.00 target price on shares of BILL in a report on Friday, May 3rd. William Blair restated a "market perform" rating on shares of BILL in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on BILL from $93.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, BILL currently has an average rating of "Moderate Buy" and a consensus price target of $97.35.

BILL Stock Down 0.4 %

BILL traded down $0.22 during trading on Friday, hitting $59.30. The company had a trading volume of 1,164,439 shares, compared to its average volume of 2,145,656. The company has a market cap of $6.29 billion, a PE ratio of -75.06 and a beta of 1.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.63 and a quick ratio of 1.63. BILL Holdings, Inc. has a 1-year low of $51.94 and a 1-year high of $139.50. The business has a 50-day moving average of $63.05 and a 200-day moving average of $68.37.

Insider Activity

In related news, SVP Germaine Cota sold 920 shares of BILL stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the transaction, the senior vice president now directly owns 5,093 shares in the company, valued at $332,776.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.80% of the company's stock.

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.

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