AdvisorShares Investments LLC Invests $820,000 in Bill.com Holdings, Inc. (NYSE:BILL)

AdvisorShares Investments LLC purchased a new position in shares of Bill.com Holdings, Inc. (NYSE:BILLGet Rating) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,614 shares of the company’s stock, valued at approximately $820,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BILL. WCM Investment Management LLC boosted its stake in Bill.com by 8,810.7% in the 1st 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 during the period. Norges Bank bought a new position in Bill.com in the 4th quarter worth about $185,970,000. TD Asset Management Inc. boosted its stake in Bill.com by 83.0% in the 4th quarter. TD Asset Management Inc. now owns 821,162 shares of the company’s stock worth $204,593,000 after purchasing an additional 372,416 shares during the period. 1832 Asset Management L.P. boosted its stake in Bill.com by 59.6% in the 4th quarter. 1832 Asset Management L.P. now owns 934,700 shares of the company’s stock worth $235,240,000 after purchasing an additional 349,000 shares during the period. Finally, KBC Group NV boosted its stake in Bill.com by 2,393.4% in the 1st quarter. KBC Group NV now owns 229,145 shares of the company’s stock worth $51,968,000 after purchasing an additional 219,955 shares during the period. Institutional investors own 99.01% of the company’s stock.

Bill.com Price Performance

Shares of Bill.com stock opened at $142.46 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50 day simple moving average is $124.04 and its two-hundred day simple moving average is $166.42. The stock has a market capitalization of $14.85 billion, a P/E ratio of -49.29 and a beta of 2.26. Bill.com Holdings, Inc. has a one year low of $89.87 and a one year high of $348.49.

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

Insider Transactions at Bill.com

In other news, General Counsel Rajesh A. Aji sold 802 shares of Bill.com stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $119.86, for a total value of $96,127.72. Following the sale, the general counsel now directly owns 4,793 shares in the company, valued at approximately $574,488.98. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, General Counsel Rajesh A. Aji sold 802 shares of Bill.com stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $119.86, for a total transaction of $96,127.72. Following the sale, the general counsel now directly owns 4,793 shares in the company, valued at $574,488.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rene A. Lacerte sold 10,000 shares of Bill.com stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $116.72, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders have sold 49,942 shares of company stock worth $5,823,789. 5.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BILL shares. Jefferies Financial Group cut their target price on Bill.com from $250.00 to $150.00 in a research note on Monday, May 23rd. Deutsche Bank Aktiengesellschaft cut their target price on Bill.com from $265.00 to $177.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. KeyCorp lowered their price target on Bill.com from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Piper Sandler lowered their price target on Bill.com from $212.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Finally, Credit Suisse Group began coverage on Bill.com in a report on Friday, July 29th. They issued an “outperform” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Bill.com currently has a consensus rating of “Moderate Buy” and an average price target of $229.05.

Bill.com Company Profile

(Get Rating)

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.

Featured Articles

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

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.