Voya Investment Management LLC Sells 94,874,998 Shares of BILL Holdings, Inc. (NYSE:BILL)

Voya Investment Management LLC decreased its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 100.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,088 shares of the company's stock after selling 94,874,998 shares during the quarter. Voya Investment Management LLC's holdings in BILL were worth $3,819,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in 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 in the last quarter. Groupama Asset Managment lifted its stake in BILL by 162.8% in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of BILL by 8.0% in 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 period. Arrowstreet Capital Limited Partnership increased its position in shares of BILL by 112.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after acquiring an additional 852,863 shares in the last quarter. Finally, Greenhouse Funds LLLP raised its holdings in shares of BILL by 0.8% during the fourth quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock worth $118,307,000 after acquiring an additional 11,002 shares during the period. Institutional investors and hedge funds own 97.99% of the company's stock.

Wall Street Analyst Weigh In

BILL has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $105.00 target price on shares of BILL in a research note on Friday, February 7th. Seaport Res Ptn downgraded BILL from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th. BTIG Research assumed coverage on BILL in a research note on Wednesday. They issued a "buy" rating and a $60.00 target price on the stock. Mizuho lowered their price objective on shares of BILL from $70.00 to $53.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Susquehanna boosted their price objective on shares of BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.28.

BILL Stock Performance

BILL stock traded down $0.20 during mid-day trading on Friday, hitting $45.29. 2,034,738 shares of the company's stock traded hands, compared to its average volume of 2,256,220. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of -4,529.00, a P/E/G ratio of 29.46 and a beta of 1.44. The firm has a 50 day simple moving average of $45.41 and a two-hundred day simple moving average of $67.76. 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 current ratio of 1.66 and a quick ratio of 1.66.

BILL (NYSE:BILL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, research analysts expect that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

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.