BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 64.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,532 shares of the company’s stock after selling 93,225 shares during the quarter. Assenagon Asset Management S.A. owned 0.05% of BILL worth $2,411,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BILL. CoreCap Advisors LLC acquired a new stake in BILL in the 4th quarter worth about $30,000. Global Retirement Partners LLC raised its holdings in shares of BILL by 12,566.7% during the 4th quarter. Global Retirement Partners LLC now owns 380 shares of the company’s stock valued at $32,000 after buying an additional 377 shares during the period. Coppell Advisory Solutions LLC increased its holdings in BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock worth $32,000 after purchasing an additional 247 shares during the last quarter. GeoWealth Management LLC purchased a new stake in BILL during the 4th quarter worth approximately $32,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of BILL in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Germaine Cota sold 1,718 shares of BILL stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the sale, the senior vice president now directly owns 9,512 shares in the company, valued at $404,735.60. This trade represents a 15.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by company insiders.

BILL Stock Up 1.4%

BILL opened at $41.99 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $44.36 and a 200-day moving average price of $61.67. BILL Holdings, Inc. has a twelve month low of $36.55 and a twelve month high of $100.19. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -4,199.00, a PEG ratio of 29.46 and a beta of 1.36.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. The firm had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. BILL had a net margin of 5.90% and a return on equity of 1.53%. BILL’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities research analysts forecast that BILL Holdings, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on BILL shares. UBS Group lifted their target price on BILL from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Oppenheimer boosted their target price on BILL from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Canaccord Genuity Group cut their target price on BILL from $105.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods dropped their price target on BILL from $77.00 to $54.00 and set a “market perform” rating on the stock in a research report on Monday, March 31st. Finally, Robert W. Baird lowered their target price on BILL from $82.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.75.

BILL Company Profile

BILL Holdings, Inc provides financial automation software 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.