BILL Holdings, Inc. (NYSE:BILL) is Greenhouse Funds LLLP's 4th Largest Position

Greenhouse Funds LLLP raised its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,396,617 shares of the company's stock after acquiring an additional 11,002 shares during the quarter. BILL makes up about 4.9% of Greenhouse Funds LLLP's investment portfolio, making the stock its 4th biggest position. Greenhouse Funds LLLP owned about 1.35% of BILL worth $118,307,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Groupama Asset Managment increased its holdings in BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock valued at $478,611,000 after acquiring an additional 3,500,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of BILL by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock valued at $137,528,000 after purchasing an additional 119,711 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings 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 purchasing an additional 852,863 shares during the last quarter. Invesco Ltd. lifted its position in shares of BILL by 828.1% in the fourth quarter. Invesco Ltd. now owns 1,301,720 shares of the company's stock worth $110,269,000 after buying an additional 1,161,457 shares in the last quarter. Finally, Norges Bank bought a new position in BILL during the fourth quarter valued at approximately $99,906,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a $105.00 price objective on shares of BILL in a report on Friday, February 7th. KeyCorp decreased their price target on shares of BILL from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company dropped their price objective on shares of BILL from $57.00 to $43.00 and set an "underweight" rating for the company in a research note on Tuesday. Robert W. Baird reduced their target price on shares of BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of BILL in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.94.

BILL Trading Up 1.1 %

BILL traded up $0.50 on Friday, reaching $45.32. 1,067,120 shares of the company traded hands, compared to its average volume of 2,279,997. The company has a market cap of $4.62 billion, a P/E ratio of -4,532.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. 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 one year low of $36.55 and a one year high of $100.19. The firm has a fifty day simple moving average of $46.62 and a two-hundred day simple moving average of $68.08.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.05 earnings per share 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%. As a group, equities research analysts expect that BILL Holdings, Inc. will post 0.12 earnings per share for the current 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.