American Trust Makes New Investment in Bill.com Holdings, Inc. (NYSE:BILL)

American Trust acquired a new position in shares of Bill.com Holdings, Inc. (NYSE:BILLGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the company’s stock, valued at approximately $680,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaCentric Advisors LLC acquired a new position in Bill.com during the fourth quarter worth $34,000. Brown Brothers Harriman & Co. purchased a new stake in Bill.com in the first quarter valued at $38,000. CWM LLC raised its position in Bill.com by 540.6% in the first quarter. CWM LLC now owns 205 shares of the company’s stock valued at $46,000 after purchasing an additional 173 shares during the period. EDBI Pte Ltd purchased a new stake in Bill.com in the first quarter valued at $67,000. Finally, Quent Capital LLC purchased a new stake in Bill.com in the fourth quarter valued at $76,000. Institutional investors and hedge funds own 95.85% of the company’s stock.

Bill.com Trading Down 6.1 %

NYSE:BILL opened at $149.16 on Friday. The stock has a 50-day simple moving average of $147.32 and a 200-day simple moving average of $156.67. The stock has a market cap of $15.64 billion, a P/E ratio of -46.32 and a beta of 2.15. Bill.com Holdings, Inc. has a 1 year low of $89.87 and a 1 year high of $348.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.84 and a current ratio of 1.84.

Bill.com (NYSE:BILLGet Rating) last released its quarterly earnings data on Thursday, August 18th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.10. The business had revenue of $200.22 million during the quarter, compared to analysts’ expectations of $183.10 million. Bill.com had a negative return on equity of 5.13% and a negative net margin of 51.22%. The business’s quarterly revenue was up 155.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.44) EPS. As a group, analysts anticipate that Bill.com Holdings, Inc. will post -2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BILL has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on Bill.com from $150.00 to $200.00 in a research report on Friday, August 19th. Evercore ISI boosted their price objective on Bill.com to $165.00 in a report on Monday, August 22nd. JPMorgan Chase & Co. boosted their price objective on Bill.com from $200.00 to $222.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Credit Suisse Group boosted their price objective on Bill.com to $220.00 in a report on Monday, August 22nd. Finally, Morgan Stanley started coverage on Bill.com in a report on Monday, September 12th. They issued an “overweight” rating and a $220.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Bill.com has an average rating of “Moderate Buy” and a consensus price target of $230.45.

Insider Transactions at Bill.com

In other news, insider Bora Chung sold 8,854 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $121.15, for a total transaction of $1,072,662.10. Following the completion of the transaction, the insider now directly owns 616 shares of the company’s stock, valued at approximately $74,628.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Bora Chung sold 8,854 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $121.15, for a total value of $1,072,662.10. Following the completion of the sale, the insider now directly owns 616 shares of the company’s stock, valued at approximately $74,628.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Blake Thomas Murray sold 95,826 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $164.23, for a total value of $15,737,503.98. Following the completion of the sale, the insider now directly owns 116,124 shares of the company’s stock, valued at $19,071,044.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 179,290 shares of company stock valued at $28,739,974. 5.70% of the stock is currently owned by corporate insiders.

About Bill.com

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Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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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Institutional Ownership by Quarter for Bill.com (NYSE:BILL)

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