Nicholas Investment Partners LP Sells 2,356,173 Shares of BILL Holdings, Inc. (NYSE:BILL)

Nicholas Investment Partners LP lowered its stake in BILL Holdings, Inc. (NYSE:BILLFree Report) by 96.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,575 shares of the company’s stock after selling 2,356,173 shares during the quarter. Nicholas Investment Partners LP owned about 0.07% of BILL worth $6,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in BILL by 0.9% during the 3rd quarter. M&T Bank Corp now owns 14,453 shares of the company’s stock worth $1,569,000 after purchasing an additional 128 shares in the last quarter. Signaturefd LLC raised its holdings in BILL by 13.7% during the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $141,000 after acquiring an additional 157 shares in the last quarter. Teacher Retirement System of Texas grew its stake in BILL by 2.4% in the third quarter. Teacher Retirement System of Texas now owns 7,409 shares of the company’s stock valued at $804,000 after purchasing an additional 171 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of BILL by 11.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock worth $209,000 after purchasing an additional 193 shares during the last quarter. Finally, Precision Wealth Strategies LLC boosted its holdings in shares of BILL by 6.0% in the 3rd quarter. Precision Wealth Strategies LLC now owns 4,394 shares of the company’s stock valued at $477,000 after buying an additional 247 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

Insider Transactions at BILL

In other 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 transaction of $60,112.80. Following the transaction, the senior vice president now owns 5,093 shares in the company, valued at $332,776.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

BILL Trading Up 2.0 %

Shares of NYSE BILL traded up $1.18 during midday trading on Wednesday, reaching $59.89. The stock had a trading volume of 1,324,658 shares, compared to its average volume of 2,159,378. BILL Holdings, Inc. has a twelve month low of $51.94 and a twelve month high of $139.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63. The company’s 50 day moving average price is $63.24 and its 200 day moving average price is $68.49. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of -75.81 and a beta of 1.68.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BILL. JPMorgan Chase & Co. dropped their price objective on shares of BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Citigroup raised their price objective on shares of BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $100.00 target price on shares of BILL in a research report on Friday, May 3rd. BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target for the company in a report on Wednesday, March 13th. Finally, BMO Capital Markets decreased their price objective on BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, BILL currently has an average rating of “Moderate Buy” and an average price target of $97.35.

Get Our Latest Research Report on BILL

BILL Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for BILL (NYSE:BILL)

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