BILL Holdings, Inc. (NYSE:BILL) is Jackson Square Partners LLC’s 7th Largest Position

Jackson Square Partners LLC cut its holdings in BILL Holdings, Inc. (NYSE:BILL) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,249 shares of the company’s stock after selling 64,633 shares during the quarter. BILL makes up approximately 2.9% of Jackson Square Partners LLC’s portfolio, making the stock its 7th largest holding. Jackson Square Partners LLC’s holdings in BILL were worth $27,213,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares in the last quarter. Crewe Advisors LLC raised its stake in BILL by 129.1% during the fourth 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. Empowered Funds LLC boosted its holdings in shares of BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after purchasing an additional 207 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of BILL during the 4th quarter worth $27,000. 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. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. BILL Holdings, Inc. has a 1 year low of $42.82 and a 1 year high of $100.19. The firm has a fifty day moving average of $67.09 and a 200-day moving average of $70.13. The company has a market cap of $5.19 billion, a price-to-earnings ratio of -5,095.40, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00.

BILL (NYSE:BILL) last posted its 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 return on equity of 1.53% and a net margin of 5.90%. As a group, equities analysts anticipate 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 a number of research analyst reports. Oppenheimer reduced their target price on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Robert W. Baird boosted their target price on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. 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. Mizuho boosted their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group lowered their target price on BILL from $104.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, February 7th. One equities research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

BILL Company 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.