Geode Capital Management LLC Acquires 119,711 Shares of BILL Holdings, Inc. (NYSE:BILL)

Geode Capital Management LLC lifted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,622,998 shares of the company's stock after purchasing an additional 119,711 shares during the quarter. Geode Capital Management LLC owned approximately 1.57% of BILL worth $137,528,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legato Capital Management LLC acquired a new stake in BILL in the 4th quarter worth approximately $828,000. Choreo LLC bought a new stake in BILL during the 4th quarter valued at approximately $409,000. Rhumbline Advisers grew its stake in shares of BILL by 153.7% in the fourth quarter. Rhumbline Advisers now owns 271,027 shares of the company's stock worth $22,959,000 after acquiring an additional 164,182 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in BILL by 29.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 18,705 shares of the company's stock worth $1,543,000 after purchasing an additional 4,248 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in BILL in the 4th quarter worth $919,000. Institutional investors own 97.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BILL shares. KeyCorp reduced their target price on shares of BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Mizuho lifted their price objective on BILL from $64.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Canaccord Genuity Group restated a "buy" rating and issued a $105.00 target price on shares of BILL in a research note on Friday, February 7th. Susquehanna lifted their price target on shares of BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley upgraded shares of BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 price objective for the company in a research note on Thursday, January 16th. One 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. According to MarketBeat.com, BILL presently has a consensus rating of "Moderate Buy" and an average price target of $74.61.

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BILL Price Performance

Shares of BILL stock traded up $0.17 during trading hours on Friday, hitting $41.52. 1,353,304 shares of the company's stock were exchanged, compared to its average volume of 2,278,720. The stock's 50-day moving average is $51.62 and its 200-day moving average is $68.90. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of -4,151.70, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19.

BILL (NYSE:BILL - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. As a group, research analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current year.

BILL 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.