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

Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL) during the 4th quarter, HoldingsChannel reports. The fund purchased 460 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BILL. Groupama Asset Managment raised its holdings in shares of BILL by 162.8% during the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock valued at $478,611,000 after acquiring an additional 3,500,000 shares during the period. Geode Capital Management LLC raised its stake in shares of BILL by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock worth $137,528,000 after purchasing an additional 119,711 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in BILL by 112.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company’s stock worth $136,421,000 after acquiring an additional 852,863 shares in the last quarter. Norges Bank acquired a new position in BILL during the fourth quarter worth $99,906,000. Finally, Bank of New York Mellon Corp lifted its holdings 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 during the last quarter. 97.99% of the stock is currently owned by institutional investors.

BILL Stock Performance

Shares of BILL opened at $39.53 on Friday. BILL Holdings, Inc. has a 52 week low of $38.03 and a 52 week high of $100.19. 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 stock has a 50 day moving average price of $59.30 and a two-hundred day moving average price of $69.47. The firm has a market capitalization of $4.03 billion, a P/E ratio of -3,953.00, a P/E/G ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL) last posted its 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%. Equities analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BILL. Mizuho raised their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group decreased their target price on BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of BILL in a research report on Monday, March 17th. Keefe, Bruyette & Woods dropped their price target on shares of BILL from $77.00 to $54.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. Finally, Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.44.

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.