Xponance Inc. Acquires 7,566 Shares of BILL Holdings, Inc. (NYSE:BILL)

Xponance Inc. lifted its stake in BILL Holdings, Inc. (NYSE:BILL) by 123.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,680 shares of the company’s stock after purchasing an additional 7,566 shares during the period. Xponance Inc.’s holdings in BILL were worth $1,159,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Abdiel Capital Advisors LP boosted its holdings in BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after buying an additional 1,666,316 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 279,256 shares during the period. Bank of New York Mellon Corp boosted 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 acquiring an additional 274,701 shares during the last quarter. Two Sigma Advisers LP boosted its stake in BILL by 87.0% during the 3rd 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 during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in BILL by 5,201.3% during the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock valued at $33,173,000 after purchasing an additional 384,217 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced 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 report on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Thursday, January 16th. The Goldman Sachs Group lowered their price target on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 7th. Oppenheimer cut their price objective on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, KeyCorp lowered their target price on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.89.

BILL Price Performance

Shares of NYSE BILL opened at $47.90 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50-day moving average of $67.69 and a 200-day moving average of $70.16. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of -4,790.10, a PEG ratio of 29.46 and a beta of 2.00. BILL Holdings, Inc. has a fifty-two week low of $42.82 and a fifty-two 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 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%. As a group, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal 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.