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

Hel Ved Capital Management Ltd acquired a new stake in BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 94,900 shares of the company’s stock, valued at approximately $8,039,000. BILL accounts for 2.4% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 9th biggest position. Hel Ved Capital Management Ltd owned about 0.09% of BILL as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cinctive Capital Management LP acquired a new stake in shares of BILL in the fourth quarter worth approximately $661,000. Groupama Asset Managment lifted its holdings in BILL by 162.8% during the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock worth $478,611,000 after buying an additional 3,500,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of BILL by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock valued at $137,528,000 after buying an additional 119,711 shares during the last quarter. National Bank of Canada FI lifted its stake in BILL by 96.9% in the fourth quarter. National Bank of Canada FI now owns 57,300 shares of the company’s stock valued at $4,854,000 after buying an additional 28,200 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in BILL by 114.8% in the 4th quarter. Alliancebernstein L.P. now owns 126,622 shares of the company’s stock worth $10,726,000 after buying an additional 67,676 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. KeyCorp cut their price objective on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Oppenheimer dropped their price target on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Robert W. Baird lowered their price target on shares of BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday. Canaccord Genuity Group reiterated a “buy” rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of BILL in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.44.

BILL Trading Down 7.2 %

NYSE BILL opened at $39.53 on Friday. 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 $38.03 and a 12 month high of $100.19. The company has a market capitalization of $4.03 billion, a PE ratio of -3,953.00, a P/E/G ratio of 29.46 and a beta of 1.88. The stock has a 50-day simple moving average of $59.30 and a 200 day simple moving average of $69.47.

BILL (NYSE:BILL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.05 EPS 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%. Research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current 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.