Private Advisor Group LLC Acquires 875 Shares of Bill.com Holdings, Inc. (NYSE:BILL)

Private Advisor Group LLC lifted its holdings in shares of Bill.com Holdings, Inc. (NYSE:BILLGet Rating) by 9.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 10,255 shares of the company’s stock after buying an additional 875 shares during the quarter. Private Advisor Group LLC’s holdings in Bill.com were worth $2,325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BILL. AlphaCentric Advisors LLC bought a new stake in Bill.com in the 4th quarter worth $34,000. CWM LLC grew its holdings in Bill.com by 540.6% in the 1st quarter. CWM LLC now owns 205 shares of the company’s stock worth $46,000 after acquiring an additional 173 shares during the last quarter. EDBI Pte Ltd bought a new stake in Bill.com in the 1st quarter worth $67,000. Quent Capital LLC bought a new stake in Bill.com in the 4th quarter worth $76,000. Finally, Signaturefd LLC grew its holdings in Bill.com by 62.5% in the 1st quarter. Signaturefd LLC now owns 463 shares of the company’s stock worth $105,000 after acquiring an additional 178 shares during the last quarter. Institutional investors own 95.85% of the company’s stock.

Insider Transactions at Bill.com

In other news, insider Bora Chung sold 9,871 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $110.83, for a total transaction of $1,094,002.93. Following the completion of the transaction, the insider now directly owns 616 shares of the company’s stock, valued at $68,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Bora Chung sold 9,871 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $110.83, for a total transaction of $1,094,002.93. Following the completion of the transaction, the insider now directly owns 616 shares of the company’s stock, valued at $68,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Blake Thomas Murray sold 95,826 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $164.23, for a total transaction of $15,737,503.98. Following the transaction, the insider now directly owns 116,124 shares of the company’s stock, valued at $19,071,044.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 182,913 shares of company stock worth $28,740,265. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Needham & Company LLC cut their price target on shares of Bill.com from $370.00 to $200.00 in a report on Friday, May 6th. KeyCorp boosted their price target on shares of Bill.com from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, August 19th. Wolfe Research reduced their price target on shares of Bill.com from $190.00 to $180.00 in a research report on Wednesday, July 20th. Oppenheimer boosted their price target on shares of Bill.com from $150.00 to $200.00 in a research report on Friday, August 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Bill.com from $200.00 to $222.00 and gave the company an “overweight” rating in a research report on Friday, August 19th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bill.com currently has a consensus rating of “Moderate Buy” and an average price target of $235.26.

Bill.com Trading Down 0.2 %

Shares of NYSE BILL opened at $149.64 on Friday. The firm’s 50 day moving average price is $139.10 and its 200-day moving average price is $162.33. The company has a market cap of $15.69 billion, a PE ratio of -46.47 and a beta of 2.26. Bill.com Holdings, Inc. has a 52-week low of $89.87 and a 52-week high of $348.49. 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 (NYSE:BILLGet Rating) last issued its earnings results on Thursday, August 18th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.10. The firm had revenue of $200.22 million for the quarter, compared to the consensus estimate of $183.10 million. Bill.com had a negative net margin of 51.22% and a negative return on equity of 5.13%. The business’s revenue was up 155.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) earnings per share. On average, equities research analysts expect that Bill.com Holdings, Inc. will post -2.17 EPS for the current fiscal year.

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.

See Also

Want to see what other hedge funds are holding BILL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bill.com Holdings, Inc. (NYSE:BILLGet Rating).

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.