BILL Holdings, Inc. (NYSE:BILL) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in BILL Holdings, Inc. (NYSE:BILL – Get Rating) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,207 shares of the company’s stock after selling 640 shares during the period. HighTower Advisors LLC’s holdings in BILL were worth $1,550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential PLC boosted its stake in BILL by 111.3% during the fourth quarter. Prudential PLC now owns 4,251 shares of the company’s stock valued at $463,000 after buying an additional 2,239 shares in the last quarter. Raymond James & Associates lifted its holdings in BILL by 23.8% in the 4th quarter. Raymond James & Associates now owns 11,801 shares of the company’s stock valued at $1,286,000 after acquiring an additional 2,265 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of BILL during the 4th quarter valued at about $41,000. Alliance Wealth Advisors LLC UT acquired a new position in shares of BILL in the 4th quarter worth approximately $384,000. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of BILL by 8.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 16,908 shares of the company’s stock worth $1,842,000 after purchasing an additional 1,348 shares in the last quarter. 95.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BILL has been the topic of several recent research reports. Mizuho decreased their price target on shares of BILL from $100.00 to $92.00 in a research report on Friday, May 5th. Bank of America cut their target price on BILL from $130.00 to $110.00 in a research report on Thursday, April 27th. JPMorgan Chase & Co. dropped their price target on BILL from $161.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, February 3rd. Morgan Stanley reduced their price objective on shares of BILL from $185.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of BILL in a research report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, BILL presently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Insider Activity

In related news, CFO John R. Rettig sold 6,008 shares of BILL stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $95.00, for a total transaction of $570,760.00. Following the completion of the sale, the chief financial officer now owns 28,866 shares of the company’s stock, valued at approximately $2,742,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Brian Jacobs sold 2,000 shares of BILL stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $98.70, for a total transaction of $197,400.00. Following the completion of the transaction, the director now owns 2,826 shares of the company’s stock, valued at $278,926.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John R. Rettig sold 6,008 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $95.00, for a total value of $570,760.00. Following the sale, the chief financial officer now directly owns 28,866 shares of the company’s stock, valued at approximately $2,742,270. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

BILL Price Performance

Shares of NYSE:BILL opened at $95.11 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $10.12 billion, a PE ratio of -34.21 and a beta of 1.96. BILL Holdings, Inc. has a 1-year low of $68.30 and a 1-year high of $179.85. The business’s 50 day moving average is $82.23 and its 200-day moving average is $96.51.

BILL (NYSE:BILL – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.34. The firm had revenue of $272.56 million for the quarter, compared to analyst estimates of $246.67 million. BILL had a negative return on equity of 4.84% and a negative net margin of 30.41%. Sell-side analysts predict that BILL Holdings, Inc. will post -1.37 earnings per share for the current year.

BILL 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.