Zevenbergen Capital Investments LLC Cuts Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Zevenbergen Capital Investments LLC cut its stake in BILL Holdings, Inc. (NYSE:BILLFree Report) by 8.4% in the fourth quarter, HoldingsChannel reports. The firm owned 703,391 shares of the company’s stock after selling 64,650 shares during the quarter. BILL makes up about 1.3% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 25th biggest position. Zevenbergen Capital Investments LLC’s holdings in BILL were worth $57,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. M&T Bank Corp increased its holdings in BILL by 0.9% in the third quarter. M&T Bank Corp now owns 14,453 shares of the company’s stock valued at $1,569,000 after buying an additional 128 shares during the last quarter. Signaturefd LLC lifted its stake 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 purchasing an additional 157 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings 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 stake in BILL by 11.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,927 shares of the company’s stock valued at $209,000 after purchasing an additional 193 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in BILL by 4.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 6,492 shares of the company’s stock worth $532,000 after purchasing an additional 263 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 920 shares of BILL stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the transaction, the senior vice president now owns 5,093 shares of the company’s stock, valued at approximately $332,776.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on BILL. Wells Fargo & Company reiterated an “underweight” rating and set a $60.00 price target (down from $70.00) on shares of BILL in a research note on Monday, April 1st. BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 target price for the company in a report on Wednesday, March 13th. William Blair reaffirmed a “market perform” rating on shares of BILL in a research report on Friday, May 3rd. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Friday, May 3rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $100.00 price target on shares of BILL in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $97.35.

Get Our Latest Report on BILL

BILL Price Performance

BILL traded down $0.24 on Friday, hitting $59.28. 1,164,449 shares of the company were exchanged, compared to its average volume of 2,001,568. BILL Holdings, Inc. has a fifty-two week low of $51.94 and a fifty-two week 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 firm has a market capitalization of $6.29 billion, a P/E ratio of -75.04 and a beta of 1.68. The business’s fifty day moving average is $62.86 and its 200 day moving average is $68.16.

BILL Company 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.

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Institutional Ownership by Quarter for BILL (NYSE:BILL)

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