Cwm LLC Has $82,000 Stock Holdings in Bill.com Holdings, Inc. (NYSE:BILL)

Cwm LLC boosted its holdings in shares of Bill.com Holdings, Inc. (NYSE:BILLGet Rating) by 141.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 621 shares of the company’s stock after acquiring an additional 364 shares during the quarter. Cwm LLC’s holdings in Bill.com were worth $82,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Bill.com by 0.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,339,521 shares of the company’s stock valued at $1,466,547,000 after purchasing an additional 98,357 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 during the last quarter. Abdiel Capital Advisors LP boosted its stake in shares of Bill.com by 158.0% in the 2nd quarter. Abdiel Capital Advisors LP now owns 1,988,067 shares of the company’s stock valued at $218,568,000 after purchasing an additional 1,217,399 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Bill.com by 25.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,616,806 shares of the company’s stock valued at $177,752,000 after purchasing an additional 324,354 shares during the last quarter. Finally, WCM Investment Management LLC boosted its stake in shares of Bill.com by 10.7% in the 3rd quarter. WCM Investment Management LLC now owns 1,560,482 shares of the company’s stock valued at $211,008,000 after purchasing an additional 150,798 shares during the last quarter. 95.80% of the stock is owned by institutional investors.

Bill.com Stock Performance

Shares of BILL stock opened at $106.55 on Wednesday. The firm has a 50-day moving average of $111.52 and a 200-day moving average of $129.39. The company has a market cap of $11.26 billion, a P/E ratio of -33.19 and a beta of 1.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.89 and a quick ratio of 1.89. Bill.com Holdings, Inc. has a one year low of $89.87 and a one year high of $262.17.

Bill.com (NYSE:BILLGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.05). The firm had revenue of $229.92 million during the quarter, compared to analysts’ expectations of $210.26 million. Bill.com had a negative net margin of 44.29% and a negative return on equity of 5.45%. Equities research analysts forecast that Bill.com Holdings, Inc. will post -2.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on BILL. Keefe, Bruyette & Woods reduced their price objective on shares of Bill.com from $269.00 to $225.00 in a research note on Monday, October 10th. Susquehanna Bancshares dropped their target price on shares of Bill.com from $140.00 to $120.00 in a research report on Friday, September 30th. Morgan Stanley dropped their target price on shares of Bill.com from $220.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, November 4th. Wolfe Research dropped their target price on shares of Bill.com from $190.00 to $150.00 in a research report on Thursday, January 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Bill.com from $240.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, October 17th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.62.

Insider Activity

In related news, CFO John R. Rettig sold 6,008 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $104.10, for a total transaction of $625,432.80. Following the completion of the transaction, the chief financial officer now owns 24,625 shares in the company, valued at $2,563,462.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Steven Cakebread sold 20,000 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $113.44, for a total transaction of $2,268,800.00. Following the completion of the transaction, the director now owns 953 shares in the company, valued at $108,108.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John R. Rettig sold 6,008 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $104.10, for a total transaction of $625,432.80. Following the transaction, the chief financial officer now owns 24,625 shares of the company’s stock, valued at approximately $2,563,462.50. The disclosure for this sale can be found here. Insiders sold a total of 72,119 shares of company stock worth $8,139,482 over the last quarter. Insiders own 5.00% 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. 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.

Recommended Stories

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)

Receive News & Ratings for Bill.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bill.com and related companies with MarketBeat.com's FREE daily email newsletter.