Nikko Asset Management Americas Inc. Cuts Position in BILL Holdings, Inc. (NYSE:BILL)

Nikko Asset Management Americas Inc. lessened its holdings in BILL Holdings, Inc. (NYSE:BILL) by 15.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 270,715 shares of the company’s stock after selling 51,046 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in BILL were worth $22,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares during the period. Crewe Advisors LLC raised its position in shares of BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new position in BILL in the 4th quarter worth about $27,000. Global Retirement Partners LLC boosted its stake in BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after purchasing an additional 377 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in BILL during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Analysts Set New Price Targets

BILL has been the subject of several recent analyst reports. Robert W. Baird lifted their target price on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. KeyCorp decreased their price objective on shares of BILL from $115.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 target price on shares of BILL in a research note on Friday, February 7th. Wells Fargo & Company reduced their target price on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a report on Friday, February 7th. Finally, Oppenheimer lowered their price target on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and a consensus target price of $81.72.

BILL Stock Performance

BILL opened at $46.40 on Monday. 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 company has a market cap of $4.73 billion, a price-to-earnings ratio of -4,639.50, a PEG ratio of 29.46 and a beta of 2.00. The company’s 50 day moving average is $71.32 and its 200 day moving average is $70.40. BILL Holdings, Inc. has a 12-month low of $42.82 and a 12-month high of $100.19.

BILL (NYSE:BILL) last posted 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 return on equity of 1.53% and a net margin of 5.90%. On average, equities research analysts predict that BILL Holdings, Inc. will post 0.12 EPS 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.