Temasek Holdings Private Ltd Has $231.03 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Temasek Holdings Private Ltd lowered its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,727,304 shares of the company's stock after selling 2,900,000 shares during the period. BILL accounts for 0.9% of Temasek Holdings Private Ltd's portfolio, making the stock its 22nd largest position. Temasek Holdings Private Ltd owned 2.64% of BILL worth $231,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Legato Capital Management LLC acquired a new position in shares of BILL in the fourth quarter valued at $828,000. Choreo LLC bought a new position in shares of BILL in the 4th quarter worth about $409,000. Rhumbline Advisers raised its position in shares of BILL by 153.7% in the 4th quarter. Rhumbline Advisers now owns 271,027 shares of the company's stock worth $22,959,000 after acquiring an additional 164,182 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in BILL by 29.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company's stock worth $1,543,000 after acquiring an additional 4,248 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of BILL during the fourth quarter valued at approximately $919,000. Institutional investors own 97.99% of the company's stock.

BILL Price Performance

Shares of BILL traded down $2.06 during mid-day trading on Wednesday, reaching $44.65. 1,002,240 shares of the company's stock were exchanged, compared to its average volume of 2,281,749. The company has a market cap of $4.60 billion, a price-to-earnings ratio of -4,465.20, a PEG ratio of 29.46 and a beta of 1.44. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $44.83 and a two-hundred day simple moving average of $66.92. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19.

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 net margin of 5.90% and a return on equity of 1.53%. The business had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The business's quarterly revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts predict that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on BILL shares. Robert W. Baird reduced their target price on shares of BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. 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 report on Monday, March 31st. BTIG Research began coverage on shares of BILL in a report on Wednesday, April 30th. They set a "buy" rating and a $60.00 target price on the stock. Canaccord Genuity Group lowered their price target on shares of BILL from $105.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company lowered their price target on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $63.67.

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.