Pilgrim Partners Asia Pte Ltd Invests $39,000 in BILL Holdings, Inc. (NYSE:BILL)

Pilgrim Partners Asia Pte Ltd purchased a new stake in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 460 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Groupama Asset Managment increased its stake in shares of BILL by 162.8% in the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock valued at $478,611,000 after buying an additional 3,500,000 shares during the period. Geode Capital Management LLC increased its holdings in BILL by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock worth $137,528,000 after buying an additional 119,711 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of BILL by 112.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock valued at $136,421,000 after buying an additional 852,863 shares during the last quarter. Norges Bank purchased a new position in BILL in the 4th quarter valued at approximately $99,906,000. Finally, Bank of New York Mellon Corp lifted its stake in BILL by 51.5% in the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock worth $68,413,000 after purchasing an additional 274,701 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BILL. Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 target price on shares of BILL in a research note on Friday, February 7th. Oppenheimer dropped their price objective on BILL from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $85.00 price objective on shares of BILL in a report on Friday, February 7th. Susquehanna increased their price target on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group cut their target price on BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday. 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 has an average rating of “Moderate Buy” and an average price target of $75.44.

BILL Stock Down 7.2 %

BILL opened at $39.53 on Friday. The business’s fifty day simple moving average is $59.30 and its 200 day simple moving average is $69.47. BILL Holdings, Inc. has a 52 week low of $38.03 and a 52 week high of $100.19. The firm has a market cap of $4.03 billion, a P/E ratio of -3,953.00, a PEG ratio of 29.46 and a beta of 1.88. 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 (NYSE:BILL) last issued its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, equities research analysts anticipate 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.