Lighthouse Investment Partners LLC Takes $1.43 Million Position in BILL Holdings, Inc. (NYSE:BILL)

Lighthouse Investment Partners LLC purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,877 shares of the company's stock, valued at approximately $1,430,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its holdings in BILL by 10.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock worth $1,091,019,000 after purchasing an additional 1,241,432 shares in the last quarter. Groupama Asset Managment boosted its holdings in BILL by 162.8% in the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock worth $478,611,000 after purchasing an additional 3,500,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BILL by 8.0% in the fourth 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 boosted its holdings 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 purchasing an additional 852,863 shares in the last quarter. Finally, Greenhouse Funds LLLP boosted its holdings in BILL by 0.8% in the fourth quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock worth $118,307,000 after purchasing an additional 11,002 shares in the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BILL has been the subject of a number of recent research reports. Canaccord Genuity Group decreased their price objective on shares of BILL from $105.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. KeyCorp cut their target price on shares of BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Mizuho cut their target price on shares of BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. Needham & Company LLC cut their target price on shares of BILL from $100.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Oppenheimer boosted their target price on shares of BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. One 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.67.

BILL Price Performance

NYSE:BILL traded down $0.56 during mid-day trading on Friday, hitting $46.27. The company's stock had a trading volume of 1,464,550 shares, compared to its average volume of 2,287,795. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of -4,627.00, a P/E/G ratio of 29.46 and a beta of 1.44. The stock has a fifty day moving average of $44.77 and a 200-day moving average of $67.08.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. BILL had a net margin of 5.90% and a return on equity of 1.53%. The firm had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. The company's quarterly revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.