Amalgamated Bank Increases Stock Holdings in Bill.com Holdings, Inc. (NYSE:BILL)

Amalgamated Bank boosted its position in shares of Bill.com Holdings, Inc. (NYSE:BILLGet Rating) by 10.1% in the first quarter, HoldingsChannel.com reports. The fund owned 21,543 shares of the company’s stock after purchasing an additional 1,973 shares during the period. Amalgamated Bank’s holdings in Bill.com were worth $4,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BILL. Vanguard Group Inc. raised its position in Bill.com by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 8,842,430 shares of the company’s stock valued at $2,005,375,000 after purchasing an additional 269,438 shares in the last quarter. Capital International Investors raised its position in Bill.com by 12.4% in the 1st quarter. Capital International Investors now owns 5,742,410 shares of the company’s stock valued at $1,302,321,000 after purchasing an additional 633,046 shares in the last quarter. WCM Investment Management LLC raised its position in Bill.com by 8,810.7% in the 1st quarter. WCM Investment Management LLC now owns 1,363,158 shares of the company’s stock valued at $309,151,000 after purchasing an additional 1,347,860 shares in the last quarter. Neuberger Berman Group LLC raised its position in Bill.com by 14.7% in the 1st quarter. Neuberger Berman Group LLC now owns 1,354,380 shares of the company’s stock valued at $307,160,000 after purchasing an additional 173,209 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Bill.com by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,292,452 shares of the company’s stock valued at $293,116,000 after purchasing an additional 78,435 shares in the last quarter. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Bill.com Trading Down 1.4 %

NYSE:BILL opened at $142.06 on Wednesday. The stock’s 50 day moving average price is $148.46 and its 200 day moving average price is $154.60. The company has a market capitalization of $14.89 billion, a PE ratio of -44.12 and a beta of 2.15. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.42. Bill.com Holdings, Inc. has a 52-week low of $89.87 and a 52-week high of $348.49.

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

Insider Buying and Selling at Bill.com

In other Bill.com news, insider Bora Chung sold 8,854 shares of Bill.com stock in a transaction that occurred on 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 transaction, the insider now directly owns 616 shares in the company, valued at approximately $74,628.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO John R. Rettig sold 3,607 shares of Bill.com stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $164.23, for a total value of $592,377.61. Following the sale, the chief financial officer now directly owns 28,070 shares in the company, valued at $4,609,936.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Bora Chung sold 8,854 shares of Bill.com stock in a transaction that occurred on Friday, July 15th. The shares were 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 owns 616 shares in the company, valued at $74,628.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,211 shares of company stock worth $30,348,069. 5.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Bill.com from $200.00 to $222.00 and gave the company an “overweight” rating in a research report on Friday, August 19th. Keefe, Bruyette & Woods raised their target price on Bill.com from $245.00 to $269.00 in a research report on Friday, August 19th. Susquehanna assumed coverage on Bill.com in a research report on Thursday, September 15th. They set a “positive” rating and a $190.00 target price on the stock. Wolfe Research cut their target price on Bill.com from $190.00 to $180.00 in a research report on Wednesday, July 20th. Finally, Piper Sandler raised their target price on Bill.com from $170.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Eighteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $230.45.

Bill.com Company Profile

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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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Want to see what other hedge funds are holding BILL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bill.com Holdings, Inc. (NYSE:BILLGet Rating).

Institutional Ownership by Quarter for Bill.com (NYSE:BILL)

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