AlphaQuest LLC Sells 1,215 Shares of BILL Holdings, Inc. (NYSE:BILL)

AlphaQuest LLC cut its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 22.1% during the 4th quarter, Holdings Channel reports. The fund 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 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BILL. Abdiel Capital Advisors LP raised 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 period. Charles Schwab Investment Management Inc. increased its position in BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after buying an additional 279,256 shares in the last quarter. Bank of New York Mellon Corp raised its stake in BILL by 51.5% during the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after buying an additional 274,701 shares during the period. Two Sigma Advisers LP boosted its holdings in BILL by 87.0% in the third 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 in the last quarter. Finally, Principal Financial Group Inc. grew its stake in BILL by 5,201.3% in the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after acquiring an additional 384,217 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BILL has been the subject of several research reports. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research report on Thursday, January 16th. Canaccord Genuity Group reissued a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Keefe, Bruyette & Woods dropped their target price on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company decreased their price target on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average price target of $81.72.

BILL Trading Up 5.4 %

NYSE:BILL opened at $46.40 on Friday. The firm’s 50 day moving average is $71.32 and its 200 day moving average is $70.16. BILL Holdings, Inc. has a 12 month low of $42.82 and a 12 month high of $100.19. The stock has a market capitalization of $4.73 billion, a PE ratio of -4,639.50, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44.

BILL (NYSE:BILL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.05 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%. Sell-side analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

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.