2,160 Shares in Bill.com Holdings, Inc. (NYSE:BILL) Acquired by Redpoint Investment Management Pty Ltd

Redpoint Investment Management Pty Ltd acquired a new stake in Bill.com Holdings, Inc. (NYSE:BILLGet 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.

Bill.com (NYSE:BILLGet Rating) last posted its quarterly earnings results on Thursday, August 18th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.10. The business had revenue of $200.22 million during the quarter, compared to analyst estimates of $183.10 million. Bill.com had a negative net margin of 51.22% and a negative return on equity of 5.13%. The company’s revenue was up 155.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.44) earnings per share. Equities research analysts expect that Bill.com Holdings, Inc. will post -2.17 EPS for the current year.

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.

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. 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.

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

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