Mizuho Markets Americas LLC Makes New $1.55 Million Investment in BILL Holdings, Inc. (NYSE:BILL)

Mizuho Markets Americas LLC acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 19,047 shares of the company's stock, valued at approximately $1,554,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sands Capital Management LLC acquired a new stake in shares of BILL in the 3rd quarter worth $136,000. Principal Securities Inc. acquired a new stake in shares of BILL in the 4th quarter worth $138,000. Signaturefd LLC lifted its stake in shares of BILL by 13.7% in the 3rd quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $141,000 after acquiring an additional 157 shares during the period. EMC Capital Management acquired a new stake in shares of BILL in the 4th quarter worth $163,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of BILL by 11.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company's stock worth $209,000 after acquiring an additional 193 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BILL

In related news, SVP Germaine Cota sold 920 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the sale, 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 SEC, which is available through the SEC website. Insiders own 3.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on BILL. Robert W. Baird reduced their target price on shares of BILL from $78.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, April 22nd. Canaccord Genuity Group restated a "buy" rating and issued a $100.00 target price on shares of BILL in a research note on Friday, May 3rd. BNP Paribas upgraded shares of BILL from an "underperform" rating to a "neutral" rating and set a $72.00 price objective for the company in a research note on Wednesday, March 13th. JPMorgan Chase & Co. reduced their price objective on shares of BILL from $93.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, February 9th. Finally, Wells Fargo & Company reiterated an "underweight" rating and issued a $60.00 price objective (down previously from $70.00) on shares of BILL in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.35.

BILL Trading Down 0.4 %

Shares of NYSE BILL traded down $0.24 during midday trading on Friday, reaching $59.28. 1,164,449 shares of the stock were exchanged, compared to its average volume of 2,001,568. The company has a market capitalization of $6.29 billion, a P/E ratio of -75.04 and a beta of 1.68. BILL Holdings, Inc. has a 52-week low of $51.94 and a 52-week high of $139.50. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $62.86 and a 200-day moving average price of $68.00.

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.

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