abrdn plc Has $2.87 Million Holdings in BILL Holdings, Inc. (NYSE:BILL)

abrdn plc lifted its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 104.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,170 shares of the company’s stock after purchasing an additional 17,984 shares during the quarter. abrdn plc’s holdings in BILL were worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of BILL by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,719,104 shares of the company’s stock worth $1,055,203,000 after purchasing an additional 66,951 shares in the last quarter. Lone Pine Capital LLC grew its holdings in shares of BILL by 39.7% during the 3rd quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after purchasing an additional 723,151 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in BILL by 136.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 863,459 shares of the company’s stock valued at $93,746,000 after buying an additional 498,000 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in BILL by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 853,185 shares of the company’s stock valued at $92,631,000 after buying an additional 2,463 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC boosted its stake in BILL by 1.2% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 768,041 shares of the company’s stock valued at $83,386,000 after buying an additional 9,338 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Stock Up 3.2 %

Shares of BILL stock opened at $62.44 on Monday. BILL Holdings, Inc. has a 1 year low of $51.94 and a 1 year high of $139.50. The business has a 50-day moving average of $64.26 and a two-hundred day moving average of $72.16. The company has a market capitalization of $6.56 billion, a P/E ratio of -57.81, a price-to-earnings-growth ratio of 84.04 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 (NYSE:BILL) last posted its quarterly earnings data 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. The company had revenue of $318.50 million during the quarter, compared to analysts’ expectations of $296.62 million. BILL had a positive return on equity of 0.29% and a negative net margin of 9.67%. As a group, equities analysts predict that BILL Holdings, Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on BILL shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a research note on Friday, February 9th. BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price objective on the stock in a research note on Wednesday, March 13th. Piper Sandler reduced their price objective on BILL from $95.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Citigroup boosted their price objective on BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, 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 research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.57.

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 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 directly owns 5,093 shares of the company’s stock, valued at $332,776.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by insiders.

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.