Hel Ved Capital Management Ltd Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Hel Ved Capital Management Ltd purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 94,900 shares of the company’s stock, valued at approximately $8,039,000. BILL accounts for approximately 2.4% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 9th largest position.

A number of other institutional investors have also recently bought and sold shares of BILL. 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 worth $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC lifted its holdings in BILL by 129.1% during 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 stake in BILL in the 4th quarter valued at $27,000. Global Retirement Partners LLC grew its holdings in BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares in the last quarter. Finally, UMB Bank n.a. acquired a new stake in shares of BILL during the fourth quarter worth $35,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on BILL shares. Susquehanna raised their price target on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Mizuho boosted their price target on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of BILL in a research note on Monday, March 17th. Wells Fargo & Company cut their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. Finally, Robert W. Baird decreased their target price on shares of BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday. One equities research 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.44.

BILL Stock Down 7.2 %

Shares of NYSE:BILL opened at $39.53 on Friday. The business’s 50-day moving average is $59.30 and its 200-day moving average is $69.47. BILL Holdings, Inc. has a 1 year low of $38.03 and a 1 year high of $100.19. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -3,953.00, a P/E/G ratio of 29.46 and a beta of 1.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66.

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

BILL 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.