AlphaQuest LLC Has $362,000 Position in BILL Holdings, Inc. (NYSE:BILL)

AlphaQuest LLC cut its stake in BILL Holdings, Inc. (NYSE:BILL) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,271 shares of the company’s stock after selling 1,215 shares during the period. AlphaQuest LLC’s holdings in BILL were worth $362,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Abdiel Capital Advisors LP raised its stake in BILL by 48.2% in 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 in the last quarter. Principal Financial Group Inc. raised its position in shares of BILL by 5,201.3% in the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after buying an additional 384,217 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after acquiring an additional 321,400 shares during the period. Charles Schwab Investment Management Inc. increased its stake in BILL by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after acquiring an additional 279,256 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in BILL by 51.5% during the fourth quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock valued at $68,413,000 after purchasing an additional 274,701 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BILL. Wells Fargo & Company decreased their price target on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods decreased their target price on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group dropped their target price on shares of BILL from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 7th. Robert W. Baird lifted their price target on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer dropped their price objective on shares of BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, BILL has an average rating of “Moderate Buy” and an average target price of $81.72.

BILL Stock Performance

NYSE:BILL opened at $46.40 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL Holdings, Inc. has a fifty-two week low of $42.82 and a fifty-two week high of $100.19. The company has a 50 day simple moving average of $71.32 and a two-hundred day simple moving average of $70.16. The company has a market capitalization of $4.73 billion, a PE ratio of -4,639.50, a P/E/G ratio of 29.46 and a beta of 2.00.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. Research analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current 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.