Alyeska Investment Group L.P. Makes New $27.41 Million Investment in BILL Holdings, Inc. (NYSE:BILL)

Alyeska Investment Group L.P. purchased a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 323,511 shares of the company's stock, valued at approximately $27,405,000. Alyeska Investment Group L.P. owned 0.31% of BILL as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of BILL by 74.9% during the 4th 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 period. Everence Capital Management Inc. bought a new position in shares of BILL during the 4th quarter worth about $264,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of BILL in the 4th quarter valued at about $239,000. Gateway Investment Advisers LLC bought a new stake in BILL in the 4th quarter valued at about $1,832,000. Finally, Kera Capital Partners Inc. acquired a new position in BILL during the 4th quarter worth approximately $259,000. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Price Performance

Shares of NYSE BILL traded down $2.91 during midday trading on Friday, hitting $44.66. 4,617,470 shares of the company's stock were exchanged, compared to its average volume of 2,262,128. The business's fifty day moving average price is $44.80 and its two-hundred day moving average price is $67.38. The company has a market cap of $4.55 billion, a price-to-earnings ratio of -4,466.00, a PEG ratio of 29.46 and a beta of 1.44. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BILL shares. Wells Fargo & Company decreased their price objective on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a report on Friday. Robert W. Baird lowered their price objective on shares of BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. KeyCorp reduced their price objective on shares of BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Canaccord Genuity Group restated a "buy" rating and issued a $105.00 target price on shares of BILL in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods cut their price target on BILL from $77.00 to $54.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. One 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $65.50.

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.