Envestnet Asset Management Inc. increased its holdings in Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) by 322.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 109,082 shares of the company's stock after purchasing an additional 83,245 shares during the period. Envestnet Asset Management Inc.'s holdings in Bill.com were worth $24,739,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. AlphaCentric Advisors LLC bought a new stake in Bill.com in the 4th quarter worth about $34,000. CWM LLC increased 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 buying an additional 173 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in 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. bought a new stake in shares of Bill.com during the 4th quarter valued at about $62,000. Finally, Quent Capital LLC bought a new stake in shares of Bill.com during the 4th quarter valued at about $76,000. 99.01% of the stock is currently owned by institutional investors.
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In other Bill.com news, CEO Rene A. Lacerte sold 10,000 shares of the company's stock in a transaction on Friday, May 13th. The stock was sold at an average price of $116.72, for a total value of $1,167,200.00. Following the transaction, the chief executive officer now owns 78,970 shares of the company's stock, valued at approximately $9,217,378.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Bora Chung sold 9,871 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $110.83, for a total transaction of $1,094,002.93. Following the transaction, the insider now owns 616 shares of the company's stock, valued at approximately $68,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rene A. Lacerte sold 10,000 shares of the stock in a transaction on Friday, May 13th. The stock was sold at an average price of $116.72, for a total value of $1,167,200.00. Following the transaction, the chief executive officer now directly owns 78,970 shares in the company, valued at approximately $9,217,378.40. 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 quarter. 5.70% of the stock is owned by insiders.
Bill.com Stock Performance
NYSE BILL opened at $134.67 on Tuesday. The business's 50 day moving average price is $121.92 and its 200-day moving average price is $167.29. The company has a market cap of $14.04 billion, a P/E ratio of -46.60 and a beta of 2.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.41. Bill.com Holdings, Inc. has a fifty-two week low of $89.87 and a fifty-two week high of $348.49.Bill.com (NYSE:BILL – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.01). The business had revenue of $166.90 million during the quarter, compared to the consensus estimate of $157.90 million. Bill.com had a negative net margin of 54.96% and a negative return on equity of 5.05%. The business's revenue was up 179.4% compared to the same quarter last year. During the same period last year, the company earned ($0.15) EPS. Sell-side analysts predict that Bill.com Holdings, Inc. will post -2.3 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Credit Suisse Group initiated coverage on Bill.com in a research note on Friday. They set an "outperform" rating and a $160.00 price target for the company. 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. Oppenheimer reissued an "outperform" rating and issued a $150.00 price target on shares of Bill.com in a report on Wednesday, July 27th. The Goldman Sachs Group cut Bill.com to a "buy" rating and decreased their price objective for the stock from $320.00 to $216.00 in a report on Monday, May 9th. Finally, Wolfe Research decreased their price objective on Bill.com from $190.00 to $180.00 in a report on Wednesday, July 20th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $229.05.
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. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.
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