Ceera Investments LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL – Free Report) in the 1st quarter, HoldingsChannel reports. The fund bought 5,730 shares of the company’s stock, valued at approximately $263,000.
A number of other institutional investors and hedge funds have also made changes to their positions in BILL. CoreCap Advisors LLC purchased a new position in shares of BILL during the 4th quarter worth approximately $30,000. Coppell Advisory Solutions LLC lifted its stake in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after purchasing an additional 247 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of BILL during the fourth quarter worth $32,000. Fifth Third Bancorp grew its stake in shares of BILL by 134.1% in the first quarter. Fifth Third Bancorp now owns 749 shares of the company’s stock valued at $34,000 after buying an additional 429 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of BILL in the 4th quarter valued at $39,000. 97.99% of the stock is owned by hedge funds and other institutional investors.
BILL Price Performance
Shares of NYSE BILL opened at $48.11 on Friday. The stock’s 50-day simple moving average is $45.18 and its 200-day simple moving average is $57.67. The firm has a market capitalization of $4.96 billion, a PE ratio of -400.88, a price-to-earnings-growth ratio of 10.26 and a beta of 1.35. BILL Holdings, Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $100.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $75.00 target price on shares of BILL in a research note on Thursday, June 26th. Canaccord Genuity Group reduced their price target on shares of BILL from $105.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company dropped their price objective on shares of BILL from $43.00 to $40.00 and set an “underweight” rating for the company in a report on Friday, May 9th. Oppenheimer upped their target price on shares of BILL from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group reduced their target price on shares of BILL from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, BILL currently has an average rating of “Moderate Buy” and an average target price of $62.75.
View Our Latest Research Report on BILL
Insiders Place Their Bets
In related news, SVP Germaine Cota sold 1,718 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the sale, the senior vice president directly owned 9,512 shares of the company’s stock, valued at $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rajesh A. Aji sold 1,780 shares of BILL stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the sale, the insider owned 9,298 shares in the company, valued at $420,734.50. This trade represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.
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.
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