Prudential PLC increased its position in BILL Holdings, Inc. (NYSE:BILL – Get Rating) by 111.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,251 shares of the company’s stock after purchasing an additional 2,239 shares during the period. Prudential PLC’s holdings in BILL were worth $463,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC boosted its stake in BILL by 60.8% in the third quarter. Global Retirement Partners LLC now owns 230 shares of the company’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Brown Brothers Harriman & Co. acquired a new position in BILL in the first quarter valued at approximately $38,000. Belpointe Asset Management LLC acquired a new position in BILL in the fourth quarter valued at approximately $41,000. Turim 21 Investimentos Ltda. acquired a new position in BILL in the third quarter valued at approximately $52,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of BILL by 64.1% during the fourth quarter. AdvisorNet Financial Inc now owns 512 shares of the company’s stock valued at $56,000 after buying an additional 200 shares during the last quarter. 95.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on BILL shares. Canaccord Genuity Group cut their price target on BILL from $250.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Robert W. Baird lifted their price target on BILL from $86.00 to $96.00 in a report on Friday, May 5th. Bank of America dropped their target price on BILL from $130.00 to $110.00 in a report on Thursday, April 27th. Jefferies Financial Group dropped their price target on BILL from $125.00 to $100.00 in a report on Tuesday, May 2nd. Finally, Wells Fargo & Company dropped their price target on BILL from $180.00 to $138.00 and set an “overweight” rating on the stock in a report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.50.
BILL Trading Up 1.4 %
BILL (NYSE:BILL – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.34. The business had revenue of $272.56 million for the quarter, compared to analysts’ expectations of $246.67 million. BILL had a negative net margin of 30.41% and a negative return on equity of 4.84%. As a group, sell-side analysts forecast that BILL Holdings, Inc. will post -1.37 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Brian Jacobs sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $98.70, for a total value of $197,400.00. Following the completion of the sale, the director now directly owns 2,826 shares in the company, valued at $278,926.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other BILL news, CFO John R. Rettig sold 6,008 shares of the business’s 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 transaction, the chief financial officer now owns 28,866 shares of the company’s stock, valued at approximately $2,742,270. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Jacobs sold 2,000 shares of the business’s 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 transaction, the director now directly owns 2,826 shares of the company’s stock, valued at approximately $278,926.20. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.
About BILL
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.
Further Reading
- Get a free copy of the StockNews.com research report on BILL (BILL)
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