Mariner LLC Acquires 9,630 Shares of BILL Holdings, Inc. (NYSE:BILL)

Mariner LLC boosted its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 56.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,828 shares of the company's stock after buying an additional 9,630 shares during the quarter. Mariner LLC's holdings in BILL were worth $2,273,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock worth $26,000 after buying an additional 131 shares in the last quarter. Crewe Advisors LLC increased its holdings in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company's stock valued at $26,000 after purchasing an additional 173 shares in the last quarter. Empowered Funds LLC raised its position in BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company's stock valued at $451,000 after purchasing an additional 207 shares during the last quarter. Fifth Third Bancorp acquired a new position in BILL in the fourth quarter worth $27,000. Finally, Versant Capital Management Inc raised its holdings in shares of BILL by 26.7% in the fourth quarter. Versant Capital Management Inc now owns 1,615 shares of the company's stock valued at $137,000 after buying an additional 340 shares during the last quarter. Institutional investors own 97.99% of the company's stock.

Wall Street Analyst Weigh In

BILL has been the topic of a number of research analyst reports. Robert W. Baird decreased their price objective 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. Oppenheimer dropped their price objective on shares of BILL from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Piper Sandler lowered their target price on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company cut their price objective on shares of BILL from $57.00 to $43.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Seaport Res Ptn cut shares of BILL from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $70.94.

BILL Stock Up 1.1 %

NYSE BILL traded up $0.50 during trading hours on Friday, reaching $45.32. 1,067,120 shares of the company's stock were exchanged, compared to its average volume of 2,285,057. BILL Holdings, Inc. has a one year low of $36.55 and a one year 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. The company's 50-day moving average is $46.32 and its two-hundred day moving average is $68.11. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -4,532.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL - Get Free Report) 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%. On average, analysts forecast that BILL Holdings, Inc. will post 0.12 EPS 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.