Point72 Asia Singapore Pte. Ltd. Invests $430,000 in BILL Holdings, Inc. (NYSE:BILL)

Point72 Asia Singapore Pte. Ltd. bought a new stake in BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,079 shares of the company’s stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BILL. GAMMA Investing LLC lifted its position in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after buying an additional 131 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in BILL during the 4th quarter worth $239,000. Gateway Investment Advisers LLC acquired a new stake in shares of BILL during the fourth quarter worth $1,832,000. Kera Capital Partners Inc. bought a new stake in shares of BILL in the fourth quarter valued at about $259,000. Finally, Aaron Wealth Advisors LLC grew its stake in shares of BILL by 10.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 4,618 shares of the company’s stock valued at $391,000 after acquiring an additional 455 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Trading Down 2.3%

BILL opened at $46.94 on Friday. The company has a market cap of $4.79 billion, a P/E ratio of -4,694.00, a PEG ratio of 29.46 and a beta of 1.44. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $44.73 and its 200-day moving average is $67.08. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The firm had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Equities research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

BILL has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of BILL from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Friday, May 9th. BTIG Research started coverage on BILL in a research report on Wednesday, April 30th. They set a “buy” rating and a $60.00 price target on the stock. Oppenheimer lifted their price objective on BILL from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, May 9th. Needham & Company LLC cut their target price on BILL from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Canaccord Genuity Group decreased their price target on BILL from $105.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, BILL presently has a consensus rating of “Moderate Buy” and an average price target of $63.67.

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.