Jackson Square Partners LLC Sells 64,633 Shares of BILL Holdings, Inc. (NYSE:BILL)

Jackson Square Partners LLC decreased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,249 shares of the company’s stock after selling 64,633 shares during the quarter. BILL comprises about 2.9% of Jackson Square Partners LLC’s portfolio, making the stock its 7th biggest holding. Jackson Square Partners LLC owned approximately 0.31% of BILL worth $27,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BILL. GAMMA Investing LLC increased its position in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC raised its position in BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp purchased a new stake in BILL in the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC lifted its stake in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock worth $32,000 after purchasing an additional 377 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of BILL during the fourth quarter worth $35,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Performance

Shares of BILL opened at $50.95 on Tuesday. BILL Holdings, Inc. has a 1 year low of $42.82 and a 1 year high of $100.19. The stock has a market capitalization of $5.19 billion, a P/E ratio of -5,095.40, a P/E/G ratio of 29.46 and a beta of 2.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The company’s fifty day moving average is $67.09 and its two-hundred day moving average is $70.13.

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 the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

BILL has been the topic of several research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $105.00 price objective on shares of BILL in a report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Monday, March 17th. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Finally, Mizuho boosted their target price on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.89.

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.