Corebridge Financial Inc. Increases Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Corebridge Financial Inc. increased its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 10,066.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 108,069 shares of the company’s stock after purchasing an additional 107,006 shares during the quarter. Corebridge Financial Inc.’s holdings in BILL were worth $9,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BILL. Abdiel Capital Advisors LP increased its position in 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 acquiring an additional 1,666,316 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of BILL by 5,201.3% during the 4th quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after purchasing an additional 384,217 shares during the period. Two Sigma Advisers LP grew its holdings in BILL by 87.0% during the 3rd 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. Charles Schwab Investment Management Inc. raised 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 worth $47,264,000 after purchasing an additional 279,256 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in BILL by 51.5% in the fourth quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after purchasing an additional 274,701 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Trading Down 0.2 %

Shares of NYSE:BILL opened at $48.49 on Friday. The company has a market capitalization of $4.94 billion, a PE ratio of -4,849.40, a P/E/G 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 Holdings, Inc. has a 12-month low of $42.82 and a 12-month high of $100.19. The business’s fifty day simple moving average is $64.89 and its 200-day simple moving average is $69.80.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, equities research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BILL shares. Wells Fargo & Company cut their target price on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a research note on Friday, February 7th. Susquehanna increased their target price on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of BILL in a research report on Monday, March 17th. Oppenheimer cut their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, BILL presently has a consensus rating of “Moderate Buy” and a consensus target price 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.