Xponance Inc. Acquires 7,566 Shares of BILL Holdings, Inc. (NYSE:BILL)

Xponance Inc. grew its holdings in BILL Holdings, Inc. (NYSE:BILL) by 123.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,680 shares of the company’s stock after buying an additional 7,566 shares during the period. Xponance Inc.’s holdings in BILL were worth $1,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new stake in shares of BILL during the 4th quarter worth about $2,697,000. Counterpoint Mutual Funds LLC bought a new stake in shares of BILL during the fourth quarter worth approximately $282,000. Natixis Advisors LLC grew its position in shares of BILL by 8.2% in the fourth quarter. Natixis Advisors LLC now owns 69,026 shares of the company’s stock valued at $5,847,000 after purchasing an additional 5,218 shares during the last quarter. Left Brain Wealth Management LLC bought a new position in shares of BILL during the fourth quarter worth approximately $652,000. Finally, Commonwealth Equity Services LLC acquired a new stake in BILL during the 4th quarter worth approximately $229,000. 97.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BILL has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Oppenheimer decreased their price target on shares of BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating and issued a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. KeyCorp decreased their target price on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Finally, Robert W. Baird raised their target price on shares of BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

BILL Price Performance

Shares of BILL stock opened at $47.90 on Monday. The business has a fifty day simple moving average of $67.69 and a 200 day simple moving average of $70.16. The company has a market cap of $4.88 billion, a P/E ratio of -4,790.10, a P/E/G ratio of 29.46 and a beta of 2.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a twelve month low of $42.82 and a twelve month high of $100.19.

BILL (NYSE:BILL) last posted its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, sell-side analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

BILL 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.