BILL Holdings, Inc. (NYSE:BILL) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 3,947.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,098 shares of the company's stock after buying an additional 14,725 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in BILL were worth $693,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BILL. Price T Rowe Associates Inc. MD lifted its stake in shares of BILL by 10.7% during the 4th 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 during the last quarter. Groupama Asset Managment lifted its position in shares of BILL by 162.8% during the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after buying an additional 3,500,000 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of BILL by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock valued at $137,528,000 after buying an additional 119,711 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 buying an additional 852,863 shares in the last quarter. Finally, Greenhouse Funds LLLP grew its position in shares of BILL by 0.8% in the 4th quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock worth $118,307,000 after buying an additional 11,002 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Stock Down 1.5%

BILL stock traded down $0.73 during midday trading on Monday, reaching $47.48. 2,862,047 shares of the company were exchanged, compared to its average volume of 2,347,518. The company has a market cap of $4.89 billion, a price-to-earnings ratio of -395.63, a price-to-earnings-growth ratio of 10.26 and a beta of 1.35. 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 Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The stock's 50-day simple moving average is $45.18 and its 200 day simple moving average is $57.27.

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

Analyst Ratings Changes

Several research analysts recently issued reports on BILL shares. Oppenheimer upped their target price on BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and set a $75.00 price objective on shares of BILL in a report on Thursday, June 26th. Seaport Res Ptn cut shares of BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. Morgan Stanley lowered shares of BILL from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $60.00 to $55.00 in a research note on Wednesday, June 11th. Finally, The Goldman Sachs Group lowered their price objective on shares of BILL from $90.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $62.75.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 1,718 shares of BILL 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 sale, the senior vice president owned 9,512 shares of the company's stock, valued at approximately $404,735.60. The trade was a 15.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rajesh A. Aji sold 1,780 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the sale, the insider directly owned 9,298 shares in the company, valued at $420,734.50. This trade represents a 16.07% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

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.