ARK Investment Management LLC Has $21.42 Million Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

ARK Investment Management LLC decreased its stake in BILL Holdings, Inc. (NYSE:BILL) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,511 shares of the company’s stock after selling 4,700 shares during the period. ARK Investment Management LLC owned 0.25% of BILL worth $21,418,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BILL. Raymond James & Associates grew its holdings in shares of BILL by 3.8% in the 1st quarter. Raymond James & Associates now owns 8,301 shares of the company’s stock valued at $1,883,000 after acquiring an additional 306 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of BILL in the 1st quarter valued at about $1,371,000. Panagora Asset Management Inc. bought a new position in shares of BILL in the 1st quarter valued at about $569,000. Yousif Capital Management LLC grew its holdings in shares of BILL by 20.4% in the 1st quarter. Yousif Capital Management LLC now owns 1,417 shares of the company’s stock valued at $321,000 after acquiring an additional 240 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of BILL by 31.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 133,171 shares of the company’s stock valued at $30,208,000 after acquiring an additional 31,949 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Stock Up 1.9 %

Shares of BILL opened at $67.67 on Thursday. BILL Holdings, Inc. has a one year low of $51.94 and a one year high of $139.50. The company has a market cap of $7.11 billion, a P/E ratio of -61.93, a P/E/G ratio of 192.47 and a beta of 1.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $68.70 and a two-hundred day simple moving average of $79.28.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.26. The business had revenue of $318.50 million during the quarter, compared to the consensus estimate of $296.62 million. BILL had a negative net margin of 9.67% and a positive return on equity of 0.29%. Research analysts forecast that BILL Holdings, Inc. will post 0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 920 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80. Following the sale, the senior vice president now owns 5,093 shares of the company’s stock, valued at $332,776.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BILL has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on BILL from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Piper Sandler reiterated an “overweight” rating and set a $95.00 price target on shares of BILL in a report on Wednesday, February 7th. Wells Fargo & Company reduced their price target on BILL from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. TheStreet cut BILL from a “c-” rating to a “d+” rating in a report on Monday, December 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.10.

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.