Mount Yale Investment Advisors LLC decreased its holdings in Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,211 shares of the company’s stock after selling 279 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Bill.com were worth $302,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of BILL. Reilly Financial Advisors LLC bought a new position in shares of Bill.com during the fourth quarter worth approximately $26,000. Winch Advisory Services LLC grew its stake in shares of Bill.com by 89.1% in the 3rd quarter. Winch Advisory Services LLC now owns 121 shares of the company’s stock valued at $32,000 after buying an additional 57 shares during the period. Signaturefd LLC increased its holdings in shares of Bill.com by 208.8% during the third quarter. Signaturefd LLC now owns 176 shares of the company’s stock valued at $47,000 after acquiring an additional 119 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Bill.com by 69.3% during the fourth quarter. Quadrant Capital Group LLC now owns 215 shares of the company’s stock worth $54,000 after buying an additional 88 shares during the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in shares of Bill.com during the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 95.10% of the company’s stock.
A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Bill.com from $340.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods began coverage on Bill.com in a report on Friday, January 7th. They set an “outperform” rating and a $300.00 target price for the company. Evercore ISI decreased their price objective on Bill.com from $300.00 to $200.00 and set an “inline” rating for the company in a report on Friday, February 4th. Wells Fargo & Company assumed coverage on shares of Bill.com in a report on Monday, April 4th. They set an “overweight” rating and a $284.00 target price for the company. Finally, Oppenheimer cut their target price on Bill.com from $370.00 to $285.00 and set an “outperform” rating on the stock in a research note on Friday, February 4th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $279.65.
Bill.com (NYSE:BILL – Get Rating) last issued its quarterly earnings results on Thursday, February 3rd. The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.15. Bill.com had a negative return on equity of 4.69% and a negative net margin of 54.69%. The firm had revenue of $156.48 million for the quarter, compared to analyst estimates of $130.58 million. On average, equities research analysts anticipate that Bill.com Holdings, Inc. will post -2.33 earnings per share for the current year.
In related news, CEO Rene A. Lacerte sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 14th. The shares were sold at an average price of $179.86, for a total value of $1,798,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bora Chung sold 8,854 shares of the company’s stock in a transaction dated Tuesday, January 18th. The stock was sold at an average price of $176.24, for a total value of $1,560,428.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,824 shares of company stock worth $20,456,481. Company insiders own 5.70% of the company’s stock.
Bill.com Profile (Get Rating)
Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.
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