Assenagon Asset Management S.A. Has $2.41 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Assenagon Asset Management S.A. cut its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 64.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,532 shares of the company's stock after selling 93,225 shares during the period. Assenagon Asset Management S.A. owned about 0.05% of BILL worth $2,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Groupama Asset Managment raised its stake in BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after purchasing an additional 3,500,000 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in BILL by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock valued at $1,091,019,000 after purchasing an additional 1,241,432 shares during the last quarter. Norges Bank acquired a new position in BILL in the 4th quarter valued at about $99,906,000. Invesco Ltd. raised its stake in BILL by 828.1% in the 4th 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 last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in BILL by 112.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock valued at $136,421,000 after purchasing an additional 852,863 shares during the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Price Performance

Shares of NYSE:BILL traded up $0.82 during trading on Wednesday, reaching $42.66. The company had a trading volume of 2,891,513 shares, compared to its average volume of 2,296,975. The firm's fifty day moving average is $44.32 and its 200 day moving average is $61.54. The firm has a market capitalization of $4.40 billion, a PE ratio of 139.47, a price-to-earnings-growth ratio of 10.53 and a beta of 1.36. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. BILL had a return on equity of 1.21% and a net margin of 2.70%. The business had revenue of $358.22 million during the quarter, compared to analysts' expectations of $355.85 million. During the same quarter last year, the business posted $0.60 earnings per share. The company's quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Insider Transactions at BILL

In related news, SVP Germaine Cota sold 1,718 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the transaction, the senior vice president now directly owns 9,512 shares of the company's stock, valued at approximately $404,735.60. This trade represents a 15.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

BILL has been the subject of a number of research analyst reports. Truist Financial initiated coverage on shares of BILL in a research note on Monday, June 2nd. They set a "hold" rating and a $47.00 price objective for the company. Keefe, Bruyette & Woods dropped their price objective 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. BTIG Research initiated coverage on shares of BILL in a research note on Wednesday, April 30th. They set a "buy" rating and a $60.00 price objective for the company. UBS Group upped their price objective on shares of BILL from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Piper Sandler dropped their price objective 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $62.75.

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.