Bill.com Holdings, Inc. (NYSE:BILL) Stock Holdings Raised by abrdn plc

abrdn plc raised its stake in Bill.com Holdings, Inc. (NYSE:BILLGet Rating) by 269.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,708 shares of the company’s stock after purchasing an additional 6,349 shares during the period. abrdn plc’s holdings in Bill.com were worth $2,025,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BILL. Norges Bank bought a new stake in shares of Bill.com during the 4th quarter valued at about $185,970,000. TD Asset Management Inc. grew its position in shares of Bill.com by 83.0% during the 4th quarter. TD Asset Management Inc. now owns 821,162 shares of the company’s stock valued at $204,593,000 after buying an additional 372,416 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of Bill.com by 59.6% during the 4th quarter. 1832 Asset Management L.P. now owns 934,700 shares of the company’s stock valued at $235,240,000 after buying an additional 349,000 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Bill.com during the 4th quarter valued at about $52,339,000. Finally, Kensico Capital Management Corp bought a new stake in shares of Bill.com during the 4th quarter valued at about $45,619,000. Institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BILL. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Bill.com from $265.00 to $177.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Canaccord Genuity Group reduced their target price on shares of Bill.com from $366.00 to $250.00 in a research note on Friday, May 6th. Wells Fargo & Company began coverage on shares of Bill.com in a research note on Monday, April 4th. They set an “overweight” rating and a $284.00 target price for the company. The Goldman Sachs Group lowered shares of Bill.com to a “buy” rating and reduced their target price for the company from $320.00 to $216.00 in a research note on Monday, May 9th. Finally, Wolfe Research reduced their target price on shares of Bill.com from $190.00 to $180.00 in a research note on Wednesday, July 20th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Bill.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.05.

Bill.com Stock Down 0.3 %

BILL stock opened at $134.67 on Tuesday. Bill.com Holdings, Inc. has a 12 month low of $89.87 and a 12 month high of $348.49. The firm has a market cap of $14.04 billion, a PE ratio of -46.60 and a beta of 2.27. The firm has a 50 day simple moving average of $121.92 and a 200 day simple moving average of $167.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 1.41.

Bill.com (NYSE:BILLGet Rating) last released its earnings results on Thursday, May 5th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.01). Bill.com had a negative net margin of 54.96% and a negative return on equity of 5.05%. The business had revenue of $166.90 million for the quarter, compared to analyst estimates of $157.90 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 179.4% on a year-over-year basis. Equities research analysts forecast that Bill.com Holdings, Inc. will post -2.3 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Rene A. Lacerte sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $116.72, for a total transaction of $1,167,200.00. Following the sale, the chief executive officer now owns 78,970 shares in the company, valued at $9,217,378.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Rene A. Lacerte sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $116.72, for a total transaction of $1,167,200.00. Following the sale, the chief executive officer now owns 78,970 shares in the company, valued at $9,217,378.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rene A. Lacerte sold 6,847 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $119.86, for a total transaction of $820,681.42. Following the completion of the transaction, the chief executive officer now owns 84,908 shares in the company, valued at approximately $10,177,072.88. The disclosure for this sale can be found here. Insiders have sold 49,942 shares of company stock worth $5,823,789 over the last 90 days. 5.70% of the stock is owned by company insiders.

About Bill.com

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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. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.

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Institutional Ownership by Quarter for Bill.com (NYSE:BILL)

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