Temasek Holdings Private Ltd Trims Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Temasek Holdings Private Ltd cut its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 51.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,727,304 shares of the company’s stock after selling 2,900,000 shares during the period. BILL comprises approximately 0.9% of Temasek Holdings Private Ltd’s investment portfolio, making the stock its 22nd biggest holding. Temasek Holdings Private Ltd owned approximately 2.64% of BILL worth $231,030,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC grew its stake in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp purchased a new stake in BILL during the fourth quarter worth $27,000. CoreCap Advisors LLC acquired a new stake in BILL during the fourth quarter valued at $30,000. Global Retirement Partners LLC increased its holdings in BILL by 12,566.7% in the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its position in shares of BILL by 202.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after acquiring an additional 247 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Down 1.2%

Shares of NYSE BILL opened at $46.27 on Friday. The stock has a market cap of $4.72 billion, a PE ratio of -4,627.00, a P/E/G 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. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19. The company has a 50-day moving average of $44.77 and a 200 day moving average of $67.08.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group dropped their target price on BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. KeyCorp dropped their price objective on BILL from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Oppenheimer upped their target price on BILL from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Morgan Stanley decreased their target price on BILL from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, May 9th. Finally, Robert W. Baird cut their price target on shares of BILL from $82.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, BILL presently has an average rating of “Moderate Buy” and a consensus price target of $63.67.

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.