Aspiriant LLC reduced its stake in Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 255,306 shares of the company's stock after selling 2,934 shares during the period. Bill.com makes up 3.2% of Aspiriant LLC's portfolio, making the stock its 7th largest holding. Aspiriant LLC owned approximately 0.25% of Bill.com worth $57,901,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of BILL. AlphaCentric Advisors LLC purchased a new position in shares of Bill.com in the 4th quarter worth $34,000. CWM LLC grew its stake in shares of Bill.com by 540.6% in the 1st quarter. CWM LLC now owns 205 shares of the company's stock worth $46,000 after buying an additional 173 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Bill.com by 69.3% in the 4th quarter. Quadrant Capital Group LLC now owns 215 shares of the company's stock worth $54,000 after buying an additional 88 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Bill.com in the 4th quarter worth $62,000. Finally, EDBI Pte Ltd purchased a new position in shares of Bill.com in the 1st quarter worth $67,000. 99.01% of the stock is currently owned by institutional investors.
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In other news, CEO Rene A. Lacerte sold 10,000 shares of the company's stock in a transaction 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 directly owns 78,970 shares of the company's stock, valued at approximately $9,217,378.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Rene A. Lacerte sold 10,000 shares of the company's stock in a transaction 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 directly owns 78,970 shares of the company's stock, valued at approximately $9,217,378.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bora Chung sold 8,854 shares of the company's stock in a transaction on Monday, May 16th. The shares were sold at an average price of $113.33, for a total transaction of $1,003,423.82. Following the completion of the sale, the insider now directly owns 616 shares in the company, valued at $69,811.28. The disclosure for this sale can be found here. Insiders have sold 49,942 shares of company stock valued at $5,823,789 in the last ninety days. Insiders own 5.70% of the company's stock.
Analysts Set New Price Targets
BILL has been the subject of a number of recent analyst reports. Credit Suisse Group initiated coverage on shares of Bill.com in a research note on Friday. They set an "outperform" rating and a $160.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of 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 dropped their price target on shares of Bill.com from $175.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, July 7th. The Goldman Sachs Group cut shares of Bill.com to a "buy" rating and dropped their price target for the stock from $320.00 to $216.00 in a research note on Monday, May 9th. Finally, Canaccord Genuity Group dropped their price target on shares of Bill.com from $366.00 to $250.00 in a research note on Friday, May 6th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $229.05.Bill.com Stock Performance
NYSE:BILL traded up $3.11 during trading hours on Monday, hitting $138.19. 16,853 shares of the company were exchanged, compared to its average volume of 2,263,937. The stock has a market capitalization of $14.41 billion, a price-to-earnings ratio of -46.74 and a beta of 2.27. 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 0.15, a current ratio of 1.41 and a quick ratio of 1.41. The company's 50 day moving average price is $121.52 and its 200-day moving average price is $167.62.
Bill.com (NYSE:BILL – Get Rating) last released its earnings results on Thursday, May 5th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.01). The company had revenue of $166.90 million for 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%. The firm's revenue for the quarter was up 179.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.15) EPS. As a group, research analysts forecast that Bill.com Holdings, Inc. will post -2.3 earnings per share for the current year.
Bill.com 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. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.
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