Centiva Capital LP Cuts Holdings in BILL Holdings, Inc. (NYSE:BILL)

Centiva Capital LP cut its holdings in BILL Holdings, Inc. (NYSE:BILL) by 65.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,648 shares of the company’s stock after selling 10,825 shares during the quarter. Centiva Capital LP’s holdings in BILL were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BILL. GAMMA Investing LLC boosted its position in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares in the last quarter. Crewe Advisors LLC grew its position in BILL by 129.1% during the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the period. Fifth Third Bancorp acquired a new position in BILL during the fourth quarter worth about $27,000. Global Retirement Partners LLC increased its holdings in BILL by 12,566.7% in the fourth 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, Coppell Advisory Solutions LLC lifted its position in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Mizuho dropped their price objective on BILL from $70.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Piper Sandler dropped their price target on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Needham & Company LLC decreased their price objective on shares of BILL from $100.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group raised their target price on shares of BILL from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday. Finally, Robert W. Baird reduced 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, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

BILL Stock Down 6.1 %

Shares of NYSE BILL opened at $44.66 on Friday. The stock has a market capitalization of $4.55 billion, a PE ratio of -4,466.00, a P/E/G ratio of 29.46 and a beta of 1.44. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average of $44.69 and a 200-day moving average of $67.39. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The firm had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. BILL had a return on equity of 1.53% and a net margin of 5.90%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

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.