Voloridge Investment Management LLC Has $16.33 Million Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Voloridge Investment Management LLC decreased its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 74.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,721 shares of the company's stock after selling 560,633 shares during the quarter. Voloridge Investment Management LLC owned 0.19% of BILL worth $16,325,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC raised its stake in shares of BILL by 129.1% in the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after buying an additional 173 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of BILL during the 4th quarter worth about $27,000. CoreCap Advisors LLC acquired a new stake in shares of BILL during the 4th quarter worth about $30,000. Global Retirement Partners LLC increased its position in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock worth $32,000 after purchasing an additional 377 shares in the last quarter. Finally, Coppell Advisory Solutions LLC increased its position in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after purchasing an additional 247 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company's stock.

BILL Trading Up 1.7%

BILL stock traded up $0.74 during midday trading on Tuesday, reaching $45.14. The company's stock had a trading volume of 1,730,767 shares, compared to its average volume of 2,290,632. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The stock has a market cap of $4.65 billion, a PE ratio of -4,514.00, a price-to-earnings-growth 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 business's 50-day simple moving average is $44.62 and its 200-day simple moving average is $66.35.

BILL (NYSE:BILL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. The company had revenue of $358.22 million for the quarter, compared to analyst estimates of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. As a group, sell-side analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BILL shares. Robert W. Baird dropped their target price on shares of BILL from $82.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. UBS Group increased their target price on shares of BILL from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. KeyCorp dropped their target price on shares of BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company dropped their target price on shares of BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research report on Friday, May 9th. Finally, Needham & Company LLC dropped their target price on shares of BILL from $100.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.84.

BILL 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.