Groupama Asset Managment Raises Stake in BILL Holdings, Inc. (NYSE:BILL)

Groupama Asset Managment increased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 162.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,650,000 shares of the company’s stock after purchasing an additional 3,500,000 shares during the period. BILL accounts for 3.5% of Groupama Asset Managment’s holdings, making the stock its 5th biggest holding. Groupama Asset Managment owned about 5.46% of BILL worth $478,611,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in BILL by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company’s stock worth $137,528,000 after purchasing an additional 119,711 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in 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. Norges Bank purchased a new position in BILL in the fourth quarter worth $99,906,000. Charles Schwab Investment Management Inc. increased its position in shares of BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after purchasing an additional 279,256 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of BILL by 51.5% during the 4th quarter. Bank of New York Mellon Corp now owns 807,614 shares of the company’s stock valued at $68,413,000 after purchasing an additional 274,701 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BILL. 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. KeyCorp lowered their price target on BILL from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods dropped their price target on BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday. Canaccord Genuity Group restated a “buy” rating and issued a $105.00 price objective on shares of BILL in a research note on Friday, February 7th. Finally, Oppenheimer dropped their target price on BILL from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.61.

BILL Stock Performance

Shares of NYSE BILL opened at $46.02 on Tuesday. BILL Holdings, Inc. has a 1 year low of $42.82 and a 1 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 fifty day moving average price is $63.17 and its 200 day moving average price is $69.94. The company has a market capitalization of $4.69 billion, a PE ratio of -4,602.40, a price-to-earnings-growth ratio of 29.46 and a beta of 2.00.

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 the consensus estimate of $0.43 by ($0.38). BILL had a return on equity of 1.53% and a net margin of 5.90%. On average, research analysts predict that BILL Holdings, Inc. will post 0.12 earnings per share 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.