Vanguard Group Inc. Sells 60,971 Shares of BILL Holdings, Inc. (NYSE:BILL)

Vanguard Group Inc. lessened its stake in BILL Holdings, Inc. (NYSE:BILL) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,438,550 shares of the company’s stock after selling 60,971 shares during the period. Vanguard Group Inc. owned about 10.24% of BILL worth $479,025,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Xponance Inc. grew its position in shares of BILL by 1.6% in the 1st quarter. Xponance Inc. now owns 13,902 shares of the company’s stock valued at $638,000 after buying an additional 222 shares during the last quarter. Coppell Advisory Solutions LLC boosted its position in shares of BILL by 202.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company’s stock valued at $32,000 after purchasing an additional 247 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of BILL during the 4th quarter valued at about $30,000. GeoWealth Management LLC bought a new stake in shares of BILL during the 4th quarter valued at about $32,000. Finally, AXA S.A. boosted its position in shares of BILL by 0.5% during the 4th quarter. AXA S.A. now owns 81,690 shares of the company’s stock valued at $6,920,000 after purchasing an additional 429 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Stock Performance

Shares of BILL stock opened at $39.47 on Friday. The company has a market cap of $4.07 billion, a PE ratio of -328.87, a price-to-earnings-growth ratio of 8.94 and a beta of 1.35. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19. The business has a 50 day moving average price of $44.43 and a 200-day moving average price of $49.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43.

Wall Street Analyst Weigh In

BILL has been the topic of several research analyst reports. UBS Group upped their target price on BILL from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 9th. BTIG Research initiated coverage on BILL in a research report on Wednesday, April 30th. They set a “buy” rating and a $60.00 target price on the stock. Oppenheimer upped their target price on BILL from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft initiated coverage on BILL in a research report on Thursday, July 17th. They set a “hold” rating and a $49.00 target price on the stock. Finally, Citigroup cut their target price on BILL from $88.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and a consensus target price of $62.10.

Insider Buying and Selling

In related news, insider Rajesh A. Aji sold 1,780 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the sale, the insider directly owned 9,298 shares of the company’s stock, valued at approximately $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Germaine Cota sold 1,718 shares of the 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 sale, the senior vice president directly owned 9,512 shares of the company’s stock, valued at $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

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.