MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 2,967 Shares of BILL Holdings, Inc. (NYSE:BILL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BILL Holdings, Inc. (NYSE:BILL) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,807 shares of the company’s stock after acquiring an additional 2,967 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in BILL were worth $6,931,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BILL. Price T Rowe Associates Inc. MD boosted its stake in shares of BILL by 10.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company’s stock valued at $1,091,019,000 after purchasing an additional 1,241,432 shares in the last quarter. Groupama Asset Managment raised its holdings in shares of BILL by 162.8% in the fourth quarter. Groupama Asset Managment now owns 5,650,000 shares of the company’s stock worth $478,611,000 after buying an additional 3,500,000 shares during the last quarter. Geode Capital Management LLC increased its stake 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 worth $137,528,000 after acquiring an additional 119,711 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of BILL by 112.6% in 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 during the period. Finally, Greenhouse Funds LLLP increased its stake in shares of BILL by 0.8% in 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. 97.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BILL has been the topic of several analyst reports. UBS Group raised their price target on shares of BILL from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Mizuho dropped their target price on shares of BILL from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, May 12th. Keefe, Bruyette & Woods decreased their price target on shares of BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. Needham & Company LLC decreased their price target on shares of BILL from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, Morgan Stanley reduced their target price on shares of BILL from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

BILL Stock Performance

NYSE:BILL opened at $46.27 on Friday. The company has a fifty day simple moving average of $44.77 and a two-hundred day simple moving average of $67.08. The company has a market cap of $4.72 billion, a price-to-earnings ratio of -4,627.00, 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. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19.

BILL (NYSE:BILL) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. The business had revenue of $358.22 million during the quarter, compared to the consensus estimate of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. As a group, equities 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.