Mariner LLC Grows Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Mariner LLC lifted its stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 56.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,828 shares of the company's stock after acquiring an additional 9,630 shares during the period. Mariner LLC's holdings in BILL were worth $2,273,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Groupama Asset Managment increased its stake in BILL by 162.8% during the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock worth $478,611,000 after buying an additional 3,500,000 shares during the period. Norges Bank acquired a new stake in shares of BILL in the fourth quarter valued at approximately $99,906,000. Invesco Ltd. increased its holdings in shares of BILL by 828.1% during the fourth quarter. Invesco Ltd. now owns 1,301,720 shares of the company's stock valued at $110,269,000 after purchasing an additional 1,161,457 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of BILL by 112.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after buying an additional 852,863 shares in the last quarter. Finally, Sepio Capital LP lifted its position in BILL by 413.7% in the fourth quarter. Sepio Capital LP now owns 526,396 shares of the company's stock worth $44,591,000 after purchasing an additional 423,928 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BILL shares. Piper Sandler reduced their price objective on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Seaport Res Ptn downgraded BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods cut their price target on shares of BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Morgan Stanley reaffirmed an "overweight" rating on shares of BILL in a research report on Wednesday, April 16th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $105.00 price objective on shares of BILL in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, BILL presently has a consensus rating of "Moderate Buy" and an average target price of $70.94.

BILL Trading Up 1.9 %

Shares of BILL stock traded up $0.86 during trading hours on Tuesday, hitting $46.18. 198,145 shares of the company were exchanged, compared to its average volume of 2,274,239. 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 debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $4.71 billion, a P/E ratio of -4,617.20, a P/E/G ratio of 29.46 and a beta of 1.88. The company has a 50 day simple moving average of $46.07 and a two-hundred day simple moving average of $68.13.

BILL (NYSE:BILL - Get Free Report) last issued its quarterly earnings data 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%. Equities analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

About BILL

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.