BILL Holdings, Inc. (NYSE:BILL) Shares Sold by PDT Partners LLC

PDT Partners LLC reduced its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,899 shares of the company's stock after selling 21,365 shares during the quarter. PDT Partners LLC's holdings in BILL were worth $3,210,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC raised its stake in shares of BILL by 9.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 141,742 shares of the company's stock worth $12,007,000 after buying an additional 12,533 shares during the period. Northern Trust Corp increased its holdings in BILL by 84.9% in the 4th quarter. Northern Trust Corp now owns 828,586 shares of the company's stock worth $70,190,000 after acquiring an additional 380,509 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in BILL by 100.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 120,256 shares of the company's stock worth $10,187,000 after acquiring an additional 60,166 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in BILL during the fourth quarter worth $6,586,000. Finally, Gilder Gagnon Howe & Co. LLC grew its position in shares of BILL by 28.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 30,892 shares of the company's stock valued at $2,617,000 after purchasing an additional 6,815 shares during the period. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Trading Down 0.4 %

NYSE:BILL traded down $0.20 during trading hours on Friday, reaching $45.29. 2,034,738 shares of the stock were exchanged, compared to its average volume of 2,276,946. The business has a 50-day moving average of $45.58 and a two-hundred day moving average of $67.75. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -4,529.00, a PEG ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL - Get Free Report) last released its earnings results 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 return on equity of 1.53% and a net margin of 5.90%. On average, equities analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Wall Street Analyst Weigh In

BILL has been the subject of several research analyst reports. Morgan Stanley restated an "overweight" rating on shares of BILL in a research report on Wednesday, April 16th. Piper Sandler lowered their price target on BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Robert W. Baird reduced their price objective on BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 target price on shares of BILL in a research note on Monday, March 17th. Finally, KeyCorp reduced their target price on shares of BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.