Covestor Ltd Purchases 249 Shares of BILL Holdings, Inc. (NYSE:BILL)

Covestor Ltd raised its position in BILL Holdings, Inc. (NYSE:BILL) by 15.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,897 shares of the company’s stock after buying an additional 249 shares during the quarter. Covestor Ltd’s holdings in BILL were worth $100,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BILL. Vanguard Group Inc. boosted its position in BILL by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock worth $685,573,000 after purchasing an additional 94,786 shares during the period. Abdiel Capital Advisors LP lifted its stake in shares of BILL by 46.4% during the 2nd quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock valued at $181,793,000 after buying an additional 1,095,396 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in BILL by 70.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after buying an additional 575,084 shares during the period. Kodai Capital Management LP purchased a new position in BILL in the 1st quarter valued at approximately $59,341,000. Finally, Marshall Wace LLP raised its holdings in BILL by 13.9% during the 2nd quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock valued at $33,463,000 after acquiring an additional 77,508 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

BILL Price Performance

Shares of BILL stock opened at $89.06 on Wednesday. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of -268.24 and a beta of 1.59. The company has a fifty day moving average of $56.08 and a 200-day moving average of $53.70. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $90.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55.

BILL (NYSE:BILL) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a return on equity of 1.53% and a net margin of 0.59%. The firm had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. During the same period last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities research analysts expect that BILL Holdings, Inc. will post -0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BILL shares. Evercore ISI reduced their price target on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 target price on shares of BILL in a report on Friday, August 23rd. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Thursday, September 12th. JPMorgan Chase & Co. decreased their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Finally, Mizuho cut their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.65.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other BILL news, CFO John R. Rettig bought 21,124 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $49.40 per share, with a total value of $1,043,525.60. Following the completion of the purchase, the chief financial officer now directly owns 80,474 shares of the company’s stock, valued at $3,975,415.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at $417,090.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 68,372 shares of company stock worth $3,404,826 and have sold 5,333 shares worth $328,800. 3.80% of the stock is owned by corporate insiders.

About BILL

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.