Venturi Wealth Management LLC Grows Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Venturi Wealth Management LLC grew its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 75.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,265 shares of the company’s stock after acquiring an additional 975 shares during the period. Venturi Wealth Management LLC’s holdings in BILL were worth $192,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BILL. Abdiel Capital Advisors LP lifted its holdings in shares of BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after purchasing an additional 1,666,316 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of BILL by 5,201.3% during the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after purchasing an additional 384,217 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after purchasing an additional 284,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares during the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Price Performance

Shares of BILL opened at $52.63 on Friday. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $100.19. The firm has a fifty day simple moving average of $82.58 and a two-hundred day simple moving average of $70.03. 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 firm has a market cap of $5.37 billion, a PE ratio of -5,263.40, a P/E/G ratio of 32.38 and a beta of 1.76.

BILL (NYSE:BILL) last issued 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, equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $85.00 target price on shares of BILL in a report on Friday, February 7th. Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Robert W. Baird boosted their price objective on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Oppenheimer decreased their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and an average price target of $81.72.

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.