Arrowstreet Capital Limited Partnership Has $136.42 Million Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

Arrowstreet Capital Limited Partnership lifted its stake in BILL Holdings, Inc. (NYSE:BILL) by 112.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,610,447 shares of the company’s stock after buying an additional 852,863 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in BILL were worth $136,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Abdiel Capital Advisors LP increased its position in shares of BILL by 48.2% during the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after purchasing an additional 1,666,316 shares during the last quarter. Norges Bank acquired a new position in BILL during the fourth quarter worth $99,906,000. Principal Financial Group Inc. raised its position in BILL by 5,201.3% during the fourth quarter. Principal Financial Group Inc. now owns 391,604 shares of the company’s stock worth $33,173,000 after acquiring an additional 384,217 shares in the last quarter. Two Sigma Advisers LP lifted its stake in BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after acquiring an additional 321,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after acquiring an additional 279,256 shares during the period. Institutional investors own 97.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of BILL from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Morgan Stanley raised BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Thursday, January 16th. Keefe, Bruyette & Woods decreased their target price on BILL from $95.00 to $77.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. KeyCorp cut their price target on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Finally, Wells Fargo & Company decreased their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.89.

BILL Stock Down 4.5 %

Shares of NYSE BILL opened at $46.28 on Monday. The stock has a market capitalization of $4.72 billion, a P/E ratio of -4,628.30, a PEG ratio of 29.46 and a beta of 2.00. The stock’s fifty day moving average is $64.03 and its 200 day moving average is $69.98. BILL Holdings, Inc. has a 52 week low of $42.82 and a 52 week high of $100.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.66 and a current ratio of 1.66.

BILL (NYSE:BILL) last released its earnings results on Thursday, February 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. Sell-side analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

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.