Lighthouse Investment Partners LLC Invests $1.43 Million in BILL Holdings, Inc. (NYSE:BILL)

Lighthouse Investment Partners LLC bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 16,877 shares of the company’s stock, valued at approximately $1,430,000.

Several other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of 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 worth $1,091,019,000 after acquiring an additional 1,241,432 shares in the last quarter. Groupama Asset Managment raised its position in shares of BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock worth $478,611,000 after acquiring an additional 3,500,000 shares in the last quarter. Geode Capital Management LLC raised its position in shares of BILL by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock worth $137,528,000 after acquiring an additional 119,711 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 worth $136,421,000 after acquiring an additional 852,863 shares in the last quarter. Finally, Greenhouse Funds LLLP raised 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 acquiring an additional 11,002 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BILL shares. Needham & Company LLC cut their price target on BILL from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Wells Fargo & Company cut their price target on BILL from $43.00 to $40.00 and set an “underweight” rating on the stock in a research note on Friday, May 9th. UBS Group upped their price target on BILL from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods cut their price target on BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. Finally, BTIG Research started coverage on BILL in a research note on Wednesday, April 30th. They issued a “buy” rating and a $60.00 price target on the stock. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.67.

BILL Stock Performance

Shares of BILL opened at $47.75 on Wednesday. The business’s fifty day simple moving average is $44.65 and its two-hundred day simple moving average is $67.28. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.44. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The company has a market cap of $4.87 billion, a price-to-earnings ratio of -4,775.00, a P/E/G ratio of 29.46 and a beta of 1.44.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. BILL had a return on equity of 1.53% and a net margin of 5.90%. The business had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same period last year, the business posted $0.60 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Research analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.