BILL Holdings, Inc. (NYSE:BILL) SVP Sells $96,956.60 in Stock

BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota sold 890 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $108.94, for a total value of $96,956.60. Following the completion of the transaction, the senior vice president now directly owns 3,647 shares in the company, valued at $397,304.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BILL Trading Up 1.0 %

NYSE BILL opened at $116.45 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.45. The firm has a market cap of $12.39 billion, a PE ratio of -54.93 and a beta of 1.93. The company has a 50 day moving average price of $116.02 and a 200 day moving average price of $98.58. BILL Holdings, Inc. has a 52 week low of $68.30 and a 52 week high of $175.54.

Institutional Investors Weigh In On BILL

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates raised its stake in BILL by 23.8% in the fourth quarter. Raymond James & Associates now owns 11,801 shares of the company’s stock valued at $1,286,000 after buying an additional 2,265 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of BILL by 15.1% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 19,455 shares of the company’s stock worth $1,579,000 after buying an additional 2,547 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of BILL by 4.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 77,085 shares of the company’s stock worth $8,422,000 after buying an additional 3,500 shares during the period. ARK Investment Management LLC lifted its stake in shares of BILL by 74.7% during the first quarter. ARK Investment Management LLC now owns 276,511 shares of the company’s stock worth $22,436,000 after buying an additional 118,273 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of BILL by 2,083.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 524 shares of the company’s stock worth $43,000 after buying an additional 500 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BILL. BMO Capital Markets dropped their target price on shares of BILL from $120.00 to $116.00 and set a “market perform” rating for the company in a report on Friday, August 18th. Piper Sandler reaffirmed an “overweight” rating and set a $165.00 price objective on shares of BILL in a report on Tuesday, August 15th. UBS Group cut their price objective on shares of BILL from $138.00 to $126.00 and set a “buy” rating for the company in a report on Friday, August 18th. Mizuho cut their price objective on shares of BILL from $110.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, August 18th. Finally, 22nd Century Group reaffirmed a “maintains” rating on shares of BILL in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.83.

About BILL

BILL 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.