ARK Investment Management LLC Cuts Stock Position in BILL Holdings, Inc. (NYSE:BILL)

ARK Investment Management LLC lowered its position in BILL Holdings, Inc. (NYSE:BILL) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 178,565 shares of the company’s stock after selling 2,754 shares during the period. ARK Investment Management LLC owned approximately 0.17% of BILL worth $15,126,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BILL. GAMMA Investing LLC lifted its stake in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the period. Crewe Advisors LLC lifted its holdings in BILL by 129.1% during the fourth 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. Fifth Third Bancorp purchased a new position in BILL during the fourth quarter valued at $27,000. Brooklyn Investment Group purchased a new position in BILL during the third quarter valued at $28,000. Finally, Global Retirement Partners LLC lifted its holdings in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Trading Up 0.6 %

NYSE BILL opened at $53.59 on Wednesday. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $100.19. The company has a 50-day moving average of $81.21 and a 200-day moving average of $70.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $5.46 billion, a P/E ratio of -5,359.20, a P/E/G ratio of 29.46 and a beta of 1.76.

BILL (NYSE:BILL) last posted 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, equities analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Thursday, January 16th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a research report on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating and issued a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of BILL from $65.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday, February 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $85.00 price target on shares of BILL in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, BILL presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.72.

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.