BILL Holdings, Inc. (NYSE:BILL) Stock Holdings Trimmed by US Bancorp DE

US Bancorp DE lowered its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 20.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,307 shares of the company’s stock after selling 1,098 shares during the period. US Bancorp DE’s holdings in BILL were worth $198,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in shares of BILL by 418.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 79,497 shares of the company’s stock worth $6,734,000 after buying an additional 64,169 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of BILL by 154.3% in the 4th quarter. Russell Investments Group Ltd. now owns 9,397 shares of the company’s stock worth $796,000 after buying an additional 5,702 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of BILL by 47.4% in the 4th quarter. Sterling Capital Management LLC now owns 5,007 shares of the company’s stock worth $424,000 after buying an additional 1,611 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of BILL in the 4th quarter worth $272,000. Finally, Mariner LLC raised its stake in shares of BILL by 56.0% in the 4th quarter. Mariner LLC now owns 26,828 shares of the company’s stock worth $2,273,000 after buying an additional 9,630 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Stock Up 2.3%

NYSE:BILL opened at $40.40 on Friday. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -336.64, a PEG ratio of 8.73 and a beta of 1.35. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $44.33 and its 200 day moving average price is $48.71.

Insider Buying and Selling at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 9,298 shares of the company’s stock, valued at approximately $420,734.50. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Germaine Cota sold 1,718 shares of the company’s stock in a transaction 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 transaction, the senior vice president directly owned 9,512 shares in the company, 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. 4.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BTIG Research assumed coverage on BILL in a research note on Wednesday, April 30th. They issued a “buy” rating and a $60.00 price objective on the stock. 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. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of BILL in a research report on Thursday, June 26th. Mizuho cut their target price on BILL from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, May 12th. Finally, Robert W. Baird cut their target price on BILL from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, July 18th. One research 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 MarketBeat, BILL presently has an average rating of “Moderate Buy” and an average target price of $62.10.

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.