Aristeia Capital L.L.C. Invests $3.91 Million in BILL Holdings, Inc. (NYSE:BILL)

Aristeia Capital L.L.C. bought a new position in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 46,140 shares of the company's stock, valued at approximately $3,909,000.

Several other hedge funds have also bought and sold shares of BILL. GAMMA Investing LLC boosted its position in shares of BILL by 74.9% in the fourth 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. Crewe Advisors LLC lifted its stake in BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after purchasing an additional 173 shares in the last quarter. Empowered Funds LLC boosted its holdings in 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 period. Coppell Advisory Solutions LLC boosted its holdings in BILL by 202.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after purchasing an additional 247 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of BILL during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 97.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Piper Sandler cut their price target on shares of BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Mizuho reduced their target price on BILL from $70.00 to $53.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Robert W. Baird dropped their price target on BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Seaport Res Ptn cut BILL from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Oppenheimer dropped their target price on BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. One investment 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $69.28.

BILL Stock Down 0.2 %

BILL stock traded down $0.08 during trading hours on Tuesday, hitting $45.12. 1,893,871 shares of the stock traded hands, compared to its average volume of 2,245,305. BILL Holdings, Inc. has a one year low of $36.55 and a one year high of $100.19. The company has a market cap of $4.60 billion, a PE ratio of -4,511.50, a PEG ratio of 29.46 and a beta of 1.44. The firm's 50-day moving average price is $45.23 and its two-hundred day moving average price is $67.75. 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 (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current 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.