Harvest Fund Management Co. Ltd Increases Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Harvest Fund Management Co. Ltd boosted its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 15,369.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,127 shares of the company’s stock after acquiring an additional 9,068 shares during the period. Harvest Fund Management Co. Ltd’s holdings in BILL were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its position in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares during the last quarter. Fifth Third Bancorp purchased a new stake in BILL during the fourth quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in BILL during the third quarter valued at approximately $28,000. Finally, Global Retirement Partners LLC lifted its position in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Stock Performance

BILL opened at $47.96 on Friday. The firm’s fifty day simple moving average is $68.39 and its two-hundred day simple moving average is $69.98. 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 cap of $4.89 billion, a price-to-earnings ratio of -4,795.50, a PEG ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a 52-week low of $42.82 and a 52-week high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings results 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%. Equities analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $105.00 target price on shares of BILL in a research report on Friday, February 7th. Keefe, Bruyette & Woods cut their price target on shares of BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research note on Thursday, January 16th. Piper Sandler restated an “overweight” rating and set a $85.00 price target on shares of BILL in a research note on Friday, February 7th. Finally, Wells Fargo & Company cut their price target on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

BILL Company 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.