U.S. Capital Wealth Advisors LLC Buys 895 Shares of BILL Holdings, Inc. (NYSE:BILL)

U.S. Capital Wealth Advisors LLC raised its stake in BILL Holdings, Inc. (NYSE:BILL) by 45.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,869 shares of the company’s stock after buying an additional 895 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in BILL were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lone Pine Capital LLC boosted its position in BILL by 39.7% during the 3rd quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after buying an additional 723,151 shares during the period. Ameriprise Financial Inc. grew its stake in shares of BILL by 136.3% in the third quarter. Ameriprise Financial Inc. now owns 863,459 shares of the company’s stock worth $93,746,000 after purchasing an additional 498,000 shares during the last quarter. Carmignac Gestion acquired a new stake in BILL in the third quarter valued at $48,037,000. Eventide Asset Management LLC bought a new position in BILL during the 3rd quarter worth $19,892,000. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in BILL by 398.4% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 125,100 shares of the company’s stock worth $13,582,000 after buying an additional 100,000 shares during the period. Institutional investors own 97.99% of the company’s stock.

BILL Trading Up 1.5 %

BILL opened at $57.71 on Wednesday. BILL Holdings, Inc. has a fifty-two week low of $51.94 and a fifty-two week high of $139.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The company’s 50-day moving average is $63.88 and its 200 day moving average is $69.81. The firm has a market capitalization of $6.07 billion, a PE ratio of -73.05, a P/E/G ratio of 62.44 and a beta of 1.68.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.26. The business had revenue of $318.50 million during the quarter, compared to analyst estimates of $296.62 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. As a group, research analysts predict that BILL Holdings, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Activity at BILL

In other BILL news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the completion of the sale, the senior vice president now directly owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BILL shares. Mizuho decreased their price target on BILL from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday. Robert W. Baird decreased their target price on shares of BILL from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. BNP Paribas raised shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price objective on the stock in a research note on Wednesday, March 13th. William Blair reiterated a “market perform” rating on shares of BILL in a research report on Friday, May 3rd. Finally, Citigroup upped their price target on shares of BILL from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.35.

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.