Bill.com Holdings, Inc. (NYSE:BILL) Position Boosted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Bill.com Holdings, Inc. (NYSE:BILLGet Rating) by 39.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,105 shares of the company’s stock after purchasing an additional 14,502 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Bill.com were worth $5,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in shares of Bill.com during the 1st quarter valued at about $38,000. EDBI Pte Ltd acquired a new position in shares of Bill.com in the first quarter worth about $67,000. Elequin Capital LP acquired a new position in shares of Bill.com in the first quarter worth about $86,000. Carolinas Wealth Consulting LLC acquired a new position in shares of Bill.com in the first quarter worth about $91,000. Finally, Signaturefd LLC boosted its holdings in shares of Bill.com by 62.5% in the first quarter. Signaturefd LLC now owns 463 shares of the company’s stock worth $105,000 after buying an additional 178 shares during the period. Institutional investors own 95.85% of the company’s stock.

Analyst Ratings Changes

BILL has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on shares of Bill.com from $180.00 to $158.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Morgan Stanley decreased their target price on shares of Bill.com from $220.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, November 4th. Evercore ISI raised their target price on shares of Bill.com to $165.00 in a report on Monday, August 22nd. The Goldman Sachs Group reduced their price target on shares of Bill.com from $183.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Finally, Credit Suisse Group increased their price target on shares of Bill.com to $220.00 in a research report on Monday, August 22nd. Fourteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $192.10.

Bill.com Price Performance

Shares of BILL opened at $113.31 on Friday. The firm has a market cap of $11.97 billion, a PE ratio of -35.30 and a beta of 2.05. The firm’s 50 day moving average price is $130.91 and its 200 day moving average price is $131.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.89 and a current ratio of 1.89. Bill.com Holdings, Inc. has a twelve month low of $89.87 and a twelve month high of $329.67.

Bill.com (NYSE:BILLGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.05). Bill.com had a negative net margin of 44.29% and a negative return on equity of 5.45%. The firm had revenue of $229.92 million during the quarter, compared to the consensus estimate of $210.26 million. As a group, research analysts expect that Bill.com Holdings, Inc. will post -2.37 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven Cakebread sold 20,000 shares of Bill.com stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $113.44, for a total value of $2,268,800.00. Following the transaction, the director now owns 953 shares of the company’s stock, valued at $108,108.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Rajesh A. Aji sold 10,417 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $117.76, for a total value of $1,226,705.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven Cakebread sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $113.44, for a total transaction of $2,268,800.00. Following the completion of the sale, the director now owns 953 shares in the company, valued at approximately $108,108.32. The disclosure for this sale can be found here. Insiders have sold a total of 193,427 shares of company stock valued at $29,565,292 over the last 90 days. 5.00% of the stock is currently owned by company insiders.

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

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