Vontobel Holding Ltd. Buys 1,405 Shares of BILL Holdings, Inc. (NYSE:BILL)

Vontobel Holding Ltd. grew its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,909 shares of the company’s stock after acquiring an additional 1,405 shares during the quarter. Vontobel Holding Ltd.’s holdings in BILL were worth $2,114,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Utah Retirement Systems boosted its holdings in shares of BILL by 0.6% during the 4th quarter. Utah Retirement Systems now owns 17,610 shares of the company’s stock valued at $1,919,000 after acquiring an additional 100 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of BILL by 14.1% during the 1st quarter. First Horizon Advisors Inc. now owns 948 shares of the company’s stock valued at $77,000 after acquiring an additional 117 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of BILL by 0.9% in the third quarter. M&T Bank Corp now owns 14,453 shares of the company’s stock worth $1,569,000 after buying an additional 128 shares during the last quarter. Toroso Investments LLC boosted its holdings in shares of BILL by 15.3% in the first quarter. Toroso Investments LLC now owns 1,049 shares of the company’s stock worth $238,000 after buying an additional 139 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of BILL by 13.7% in the third quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $141,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Insider Buying and Selling

In related news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total value of $60,112.80. Following the sale, 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 at the SEC website. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Piper Sandler dropped their price objective on shares of BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. 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 report on Friday, February 9th. BNP Paribas raised shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price objective on the stock in a report on Wednesday, March 13th. Wells Fargo & Company reissued an “underweight” rating and issued a $60.00 price objective (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. Finally, Citigroup raised their target price on shares of BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, BILL presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.76.

BILL Trading Down 2.3 %

BILL stock opened at $60.99 on Friday. The stock has a market cap of $6.41 billion, a P/E ratio of -56.47, a PEG ratio of 84.12 and a beta of 1.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. BILL Holdings, Inc. has a 1 year low of $51.94 and a 1 year high of $139.50. The firm’s 50 day moving average price is $64.69 and its 200-day moving average price is $74.69.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.26. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. The company had revenue of $318.50 million for the quarter, compared to analysts’ expectations of $296.62 million. On average, equities analysts predict that BILL Holdings, Inc. will post 0.03 earnings per share for the current fiscal 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.