Prosperity Wealth Management Inc. Buys Shares of 2,750 BILL Holdings, Inc. (NYSE:BILL)

Prosperity Wealth Management Inc. purchased a new stake in BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,750 shares of the company’s stock, valued at approximately $224,000.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new stake in shares of BILL during the 4th quarter valued at $5,038,000. Carnegie Capital Asset Management LLC increased its holdings in shares of BILL by 105.7% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 79,770 shares of the company’s stock valued at $6,508,000 after acquiring an additional 40,997 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in shares of BILL in the 4th quarter valued at approximately $312,000. Blair William & Co. IL boosted its stake in BILL by 18.1% in the 3rd quarter. Blair William & Co. IL now owns 54,710 shares of the company’s stock worth $5,940,000 after purchasing an additional 8,372 shares in the last quarter. Finally, Rheos Capital Works Inc. grew its position in BILL by 15.6% during the 4th quarter. Rheos Capital Works Inc. now owns 229,500 shares of the company’s stock worth $18,725,000 after purchasing an additional 31,000 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

BILL Trading Down 0.1 %

Shares of NYSE:BILL opened at $62.43 on Thursday. The business’s 50 day moving average price is $64.99 and its 200-day moving average price is $74.79. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. BILL Holdings, Inc. has a 1 year low of $51.94 and a 1 year high of $139.50.

BILL (NYSE:BILL) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 business had revenue of $318.50 million for the quarter, compared to the consensus estimate of $296.62 million. Research analysts anticipate that BILL Holdings, Inc. will post 0.03 earnings per share for the current year.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 920 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the completion of the sale, the senior vice president now 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 is available through this link. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BILL. Citigroup raised their price target on shares of BILL from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Piper Sandler decreased their target price on BILL from $95.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Oppenheimer upped their target price on BILL from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. BNP Paribas upgraded shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price objective for the company in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of BILL from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. One equities research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.76.

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.