EntryPoint Capital LLC Invests $426,000 in BILL Holdings, Inc. (NYSE:BILL)

EntryPoint Capital LLC purchased a new stake in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,033 shares of the company’s stock, valued at approximately $426,000.

A number of other large investors have also recently bought and sold shares of BILL. GAMMA Investing LLC raised its holdings 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. Crewe Advisors LLC increased its position in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares during the period. Fifth Third Bancorp purchased a new stake in BILL during the 4th quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in BILL during the 3rd quarter worth approximately $28,000. Finally, Global Retirement Partners LLC grew its stake in shares of BILL by 12,566.7% in the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

BILL has been the subject of several recent research reports. Robert W. Baird increased their price target on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Thursday, January 16th. KeyCorp dropped their price target on shares of BILL from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods lowered their price objective on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Finally, The Goldman Sachs Group dropped their target price on BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.89.

BILL Price Performance

BILL stock opened at $50.35 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. The firm’s 50-day simple moving average is $66.45 and its 200 day simple moving average is $70.10. BILL Holdings, Inc. has a 52 week low of $42.82 and a 52 week high of $100.19. The firm has a market capitalization of $5.13 billion, a PE ratio of -5,035.00, a P/E/G ratio of 29.46 and a beta of 2.00.

BILL (NYSE:BILL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. On average, equities research analysts predict 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.