Xponance Inc. lifted its position in BILL Holdings, Inc. (NYSE:BILL – Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,623 shares of the company’s stock after acquiring an additional 135 shares during the period. Xponance Inc.’s holdings in BILL were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Southpoint Capital Advisors LP acquired a new stake in BILL during the 1st quarter worth about $210,964,000. Price T Rowe Associates Inc. MD grew its position in BILL by 17.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,250,757 shares of the company’s stock worth $1,334,842,000 after purchasing an additional 1,858,460 shares during the period. Voya Investment Management LLC grew its position in BILL by 6,526.7% during the 4th quarter. Voya Investment Management LLC now owns 832,508 shares of the company’s stock worth $90,710,000 after purchasing an additional 819,945 shares during the period. Meritage Group LP acquired a new stake in BILL during the 1st quarter worth about $54,554,000. Finally, Eagle Asset Management Inc. grew its position in BILL by 122.0% during the 4th quarter. Eagle Asset Management Inc. now owns 833,236 shares of the company’s stock worth $91,039,000 after purchasing an additional 457,861 shares during the period.
BILL Stock Up 0.1 %
BILL stock opened at $108.73 on Tuesday. BILL Holdings, Inc. has a fifty-two week low of $68.30 and a fifty-two week high of $154.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a 50 day moving average price of $110.77 and a 200 day moving average price of $102.11. The company has a market capitalization of $11.59 billion, a PE ratio of -51.29 and a beta of 1.94.
Insider Activity at BILL
In related news, CEO Rene A. Lacerte sold 39,235 shares of BILL stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $116.92, for a total value of $4,587,356.20. Following the completion of the sale, the chief executive officer now owns 76,414 shares in the company, valued at approximately $8,934,324.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BILL news, CEO Rene A. Lacerte sold 39,235 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $116.92, for a total value of $4,587,356.20. Following the completion of the transaction, the chief executive officer now owns 76,414 shares of the company’s stock, valued at approximately $8,934,324.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rene A. Lacerte sold 13,865 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $108.94, for a total transaction of $1,510,453.10. Following the completion of the transaction, the chief executive officer now directly owns 100,649 shares of the company’s stock, valued at approximately $10,964,702.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,683 shares of company stock worth $7,468,601. Insiders own 5.00% of the company’s stock.
Analysts Set New Price Targets
BILL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of BILL from $120.00 to $110.00 and set a “market perform” rating on the stock in a research note on Friday, August 18th. Susquehanna raised their price target on shares of BILL from $115.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, July 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $175.00 price target on shares of BILL in a research note on Friday, August 18th. Mizuho decreased their price target on shares of BILL from $110.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, August 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of BILL from $124.00 to $136.00 in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and a consensus target price of $135.50.
Read Our Latest Stock Report on BILL
About BILL
BILL Holdings, Inc provides financial automation software 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.
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