Belpointe Asset Management LLC Makes New $41,000 Investment in BILL Holdings, Inc. (NYSE:BILL)

Belpointe Asset Management LLC purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 379 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in shares of BILL during the 1st quarter worth about $38,000. Global Retirement Partners LLC increased its stake in shares of BILL by 60.8% during the 3rd quarter. Global Retirement Partners LLC now owns 230 shares of the company’s stock worth $31,000 after purchasing an additional 87 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new position in shares of BILL during the 3rd quarter worth about $52,000. Carolinas Wealth Consulting LLC acquired a new position in shares of BILL during the 1st quarter worth about $91,000. Finally, Covestor Ltd grew its stake in BILL by 1,278.4% in the 1st quarter. Covestor Ltd now owns 510 shares of the company’s stock valued at $116,000 after buying an additional 473 shares during the last quarter. 95.80% of the stock is owned by institutional investors.

BILL Price Performance

Shares of NYSE:BILL opened at $95.11 on Friday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of -34.21 and a beta of 1.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a 50 day simple moving average of $82.23 and a 200 day simple moving average of $96.51. BILL Holdings, Inc. has a one year low of $68.30 and a one year high of $179.85.

BILL (NYSE:BILL – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.34. BILL had a negative net margin of 30.41% and a negative return on equity of 4.84%. The firm had revenue of $272.56 million during the quarter, compared to analysts’ expectations of $246.67 million. Research analysts predict that BILL Holdings, Inc. will post -1.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on BILL shares. Jefferies Financial Group decreased their price target on shares of BILL from $125.00 to $100.00 in a research note on Tuesday, May 2nd. The Goldman Sachs Group decreased their price target on shares of BILL from $120.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, April 13th. BTIG Research lowered shares of BILL from a “buy” rating to a “neutral” rating in a research note on Friday, February 3rd. Oppenheimer decreased their price target on shares of BILL from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Finally, Wells Fargo & Company cut their price objective on shares of BILL from $180.00 to $138.00 and set an “overweight” rating for the company in a report on Friday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Insider Buying and Selling at BILL

In other news, CFO John R. Rettig sold 6,008 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $95.00, for a total transaction of $570,760.00. Following the completion of the sale, the chief financial officer now directly owns 28,866 shares in the company, valued at $2,742,270. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO John R. Rettig sold 6,008 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $95.00, for a total transaction of $570,760.00. Following the completion of the sale, the chief financial officer now directly owns 28,866 shares in the company, valued at $2,742,270. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Brian Jacobs sold 2,000 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $98.70, for a total transaction of $197,400.00. Following the sale, the director now owns 2,826 shares of the company’s stock, valued at $278,926.20. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

BILL 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.