Truist Financial Corp Sells 2,681 Shares of Bill.com Holdings, Inc. (NYSE:BILL)

Truist Financial Corp lowered its position in Bill.com Holdings, Inc. (NYSE:BILLGet Rating) by 23.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,981 shares of the company’s stock after selling 2,681 shares during the period. Truist Financial Corp’s holdings in Bill.com were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in BILL. Abdiel Capital Advisors LP lifted its stake in Bill.com by 158.0% in the second quarter. Abdiel Capital Advisors LP now owns 1,988,067 shares of the company’s stock worth $218,568,000 after purchasing an additional 1,217,399 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Bill.com by 25.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,616,806 shares of the company’s stock worth $177,752,000 after acquiring an additional 324,354 shares during the period. AE Wealth Management LLC purchased a new position in shares of Bill.com during the third quarter worth approximately $38,209,000. Vanguard Group Inc. increased 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 during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Bill.com during the second quarter worth approximately $27,353,000. Institutional investors own 95.80% of the company’s stock.

Analyst Ratings Changes

BILL has been the topic of a number of research reports. Mizuho initiated coverage on shares of Bill.com in a research report on Tuesday, January 10th. They set a “neutral” rating and a $105.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of Bill.com from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, January 9th. Wolfe Research cut their price objective on shares of Bill.com from $190.00 to $150.00 in a report on Thursday, January 5th. The Goldman Sachs Group cut their price objective on shares of Bill.com from $158.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, January 9th. Finally, Piper Sandler cut their price objective on shares of Bill.com from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, January 9th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Bill.com currently has an average rating of “Moderate Buy” and an average price target of $180.62.

Insider Transactions at Bill.com

In other news, Director Steven Cakebread sold 20,000 shares of Bill.com stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $113.44, for a total transaction of $2,268,800.00. Following the completion of the sale, the director now directly owns 953 shares in the company, valued at $108,108.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Steven Cakebread sold 20,000 shares of Bill.com stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $113.44, for a total transaction of $2,268,800.00. Following the completion of the sale, the director now directly owns 953 shares in the company, valued at $108,108.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John R. Rettig sold 6,008 shares of Bill.com stock in a transaction on Monday, November 7th. The stock was sold at an average price of $104.10, for a total transaction of $625,432.80. Following the sale, the chief financial officer now owns 24,625 shares of the company’s stock, valued at $2,563,462.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,119 shares of company stock worth $8,139,482. Company insiders own 5.00% of the company’s stock.

Bill.com Price Performance

Shares of BILL opened at $99.72 on Friday. The company has a market cap of $10.54 billion, a price-to-earnings ratio of -31.07 and a beta of 1.96. Bill.com Holdings, Inc. has a twelve month low of $89.87 and a twelve month high of $262.17. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $111.20 and a two-hundred day moving average of $129.00.

Bill.com (NYSE:BILLGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.05). Bill.com had a negative return on equity of 5.45% and a negative net margin of 44.29%. The company had revenue of $229.92 million for the quarter, compared to analyst estimates of $210.26 million. As a group, analysts predict that Bill.com Holdings, Inc. will post -2.39 earnings per share for the current fiscal year.

Bill.com Company Profile

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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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