Aspiriant LLC boosted its position in Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,980 shares of the company's stock after buying an additional 23,674 shares during the quarter. Bill.com makes up approximately 1.5% of Aspiriant LLC's portfolio, making the stock its 15th biggest position. Aspiriant LLC's holdings in Bill.com were worth $30,671,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. AlphaCentric Advisors LLC purchased a new position in shares of Bill.com in the fourth quarter worth about $34,000. Brown Brothers Harriman & Co. bought a new position in shares of Bill.com during the first quarter valued at approximately $38,000. CWM LLC increased its position in Bill.com by 540.6% during the 1st quarter. CWM LLC now owns 205 shares of the company's stock valued at $46,000 after purchasing an additional 173 shares during the period. EDBI Pte Ltd purchased a new stake in shares of Bill.com in the 1st quarter worth about $67,000. Finally, Quent Capital LLC purchased a new position in shares of Bill.com during the fourth quarter valued at about $76,000. 95.85% of the stock is owned by hedge funds and other institutional investors.
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In related news, insider Bora Chung sold 9,921 shares of the business's stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $162.09, for a total transaction of $1,608,094.89. Following the completion of the transaction, the insider now owns 616 shares in the company, valued at $99,847.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO John R. Rettig sold 24,032 shares of the business's stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $145.20, for a total value of $3,489,446.40. Following the transaction, the chief financial officer now owns 5,614 shares in the company, valued at approximately $815,152.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bora Chung sold 9,921 shares of the company's stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $162.09, for a total value of $1,608,094.89. Following the sale, the insider now owns 616 shares of the company's stock, valued at approximately $99,847.44. The disclosure for this sale can be found here. Insiders sold a total of 189,211 shares of company stock worth $30,348,069 over the last ninety days. Company insiders own 5.70% of the company's stock.
Bill.com Stock Performance
Bill.com stock traded up $12.81 during midday trading on Tuesday, hitting $150.99. 79,788 shares of the company were exchanged, compared to its average volume of 1,868,255. The firm has a market capitalization of $15.83 billion, a PE ratio of -46.99 and a beta of 2.17. Bill.com Holdings, Inc. has a fifty-two week low of $89.87 and a fifty-two 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. The business has a fifty day simple moving average of $149.29 and a two-hundred day simple moving average of $150.36.Bill.com (NYSE:BILL – Get Rating) last released its quarterly earnings data on Thursday, August 18th. The company reported ($0.58) EPS for the quarter, beating analysts' consensus estimates of ($0.68) by $0.10. The company had revenue of $200.22 million during 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%. During the same quarter in the prior year, the firm earned ($0.44) EPS. Bill.com's quarterly revenue was up 155.8% on a year-over-year basis. On average, sell-side analysts forecast that Bill.com Holdings, Inc. will post -2.08 earnings per share for the current year.
Analysts Set New Price Targets
BILL has been the topic of a number of research analyst reports. KeyCorp upped their target price on Bill.com from $150.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, August 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Bill.com from $177.00 to $240.00 in a research note on Friday, August 19th. Susquehanna cut their price target on Bill.com from $140.00 to $120.00 and set a "positive" rating on the stock in a research note on Friday. Jefferies Financial Group lifted their price objective on Bill.com from $150.00 to $180.00 in a research note on Friday, August 19th. Finally, Oppenheimer restated an "outperform" rating and set a $200.00 price target on shares of Bill.com in a report on Tuesday, September 20th. Eighteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Bill.com has an average rating of "Buy" and an average target price of $224.09.
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. 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.com (BILL)
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