Pelion Inc. Has $55.99 Million Stake in BILL Holdings, Inc. (NYSE:BILL)

Pelion Inc. reduced its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 49.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 660,919 shares of the company’s stock after selling 653,574 shares during the quarter. BILL comprises approximately 42.9% of Pelion Inc.’s holdings, making the stock its 2nd largest holding. Pelion Inc. owned 0.64% of BILL worth $55,986,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BILL. Legato Capital Management LLC bought a new stake in BILL in the fourth quarter worth $828,000. Choreo LLC bought a new stake in shares of BILL in the 4th quarter worth about $409,000. Rhumbline Advisers grew its holdings in BILL by 153.7% during the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company’s stock valued at $22,959,000 after purchasing an additional 164,182 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in BILL by 29.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company’s stock worth $1,543,000 after purchasing an additional 4,248 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in BILL in the fourth quarter worth about $919,000. Institutional investors own 97.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company decreased their target price on BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, February 7th. KeyCorp reduced their price objective on shares of BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 target price on shares of BILL in a research report on Friday, February 7th. Oppenheimer cut their price target on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, BILL has an average rating of “Moderate Buy” and an average price target of $79.61.

BILL Trading Down 0.3 %

Shares of NYSE:BILL opened at $45.76 on Wednesday. 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 52-week low of $42.82 and a 52-week high of $100.19. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of -4,575.90, a PEG ratio of 29.46 and a beta of 2.00. The business has a 50-day moving average price of $62.28 and a 200-day moving average price of $69.90.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (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%. Equities analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current 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.