Redpoint Investment Management Pty Ltd acquired a new stake in Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) during the 2nd quarter, HoldingsChannel reports. The firm acquired 2,160 shares of the company’s stock, valued at approximately $237,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. WCM Investment Management LLC increased its stake in shares of Bill.com by 8,810.7% in the first quarter. WCM Investment Management LLC now owns 1,363,158 shares of the company’s stock worth $309,151,000 after purchasing an additional 1,347,860 shares in the last quarter. Norges Bank bought a new position in Bill.com in the 4th quarter worth approximately $185,970,000. Capital International Investors grew its stake in Bill.com by 12.4% in the 1st quarter. Capital International Investors now owns 5,742,410 shares of the company’s stock valued at $1,302,321,000 after buying an additional 633,046 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in 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 acquiring an additional 349,000 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Bill.com by 3.1% during the first quarter. Vanguard Group Inc. now owns 8,842,430 shares of the company’s stock worth $2,005,375,000 after acquiring an additional 269,438 shares in the last quarter. 95.85% of the stock is owned by institutional investors.
Bill.com Price Performance
Shares of Bill.com stock opened at $149.16 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.84 and a current ratio of 1.84. Bill.com Holdings, Inc. has a 52-week low of $89.87 and a 52-week high of $348.49. The company has a fifty day moving average of $147.71 and a 200-day moving average of $155.56. The stock has a market capitalization of $15.64 billion, a price-to-earnings ratio of -46.32 and a beta of 2.15.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Bill.com from $177.00 to $240.00 in a research report on Friday, August 19th. JPMorgan Chase & Co. increased their price target on shares of Bill.com from $200.00 to $222.00 and gave the stock an “overweight” rating in a report on Friday, August 19th. Jefferies Financial Group boosted their price objective on shares of Bill.com from $150.00 to $180.00 in a research note on Friday, August 19th. Wells Fargo & Company raised their price target on shares of Bill.com from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Finally, Susquehanna assumed coverage on shares of Bill.com in a research report on Thursday. They set a “positive” rating and a $190.00 price target for the company. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $230.45.
Insider Buying and Selling
In related news, CEO Rene A. Lacerte sold 6,248 shares of Bill.com stock in a transaction on Monday, September 12th. The shares were sold at an average price of $175.05, for a total value of $1,093,712.40. Following the transaction, the chief executive officer now directly owns 76,301 shares of the company’s stock, valued at $13,356,490.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Rene A. Lacerte sold 6,248 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $175.05, for a total transaction of $1,093,712.40. Following the transaction, the chief executive officer now owns 76,301 shares in the company, valued at approximately $13,356,490.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bora Chung sold 8,854 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $121.15, for a total value of $1,072,662.10. Following the transaction, the insider now directly owns 616 shares of the company’s stock, valued at approximately $74,628.40. The disclosure for this sale can be found here. Insiders have sold a total of 179,290 shares of company stock worth $28,739,974 in the last ninety days. 5.70% of the stock is owned by insiders.
Bill.com 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.
- Get a free copy of the StockNews.com research report on Bill.com (BILL)
- Kroger’s is Your One-Stop Consumer Staples Stock
- Adobe Perfects the Art of the Faceplant for Investors
- Tax Credits are the Incentives in the Inflation Reduction Act
- Stock Market: 3 Islands Of Strength In A Sea Of Red
- 3 Banks Worth Considering For Q4
Receive News & Ratings for Bill.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bill.com and related companies with MarketBeat.com's FREE daily email newsletter.