BILL (NYSE:BILL) Shares Gap Up – Should You Buy?

by · The Cerbat Gem

BILL Holdings, Inc. (NYSE:BILL – Get Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $83.69, but opened at $89.10. BILL shares last traded at $88.35, with a volume of 672,357 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BILL. KeyCorp raised shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price on the stock in a research report on Wednesday. Evercore ISI cut their price objective on shares of BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday, August 23rd. Keefe, Bruyette & Woods increased their target price on shares of BILL from $75.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Piper Sandler boosted their price target on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Robert W. Baird raised their price objective on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, BILL presently has an average rating of “Hold” and an average target price of $83.79.

Read Our Latest Analysis on BILL

BILL Price Performance

The stock has a market capitalization of $9.27 billion, a P/E ratio of -271.27 and a beta of 1.72. The company’s 50 day simple moving average is $77.11 and its two-hundred day simple moving average is $60.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the sale, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. This represents a 22.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. This represents a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,823 shares of company stock worth $218,887 in the last three months. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd lifted its position in BILL by 15.1% during the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after purchasing an additional 249 shares during the period. Advisors Asset Management Inc. raised its position in shares of BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after acquiring an additional 259 shares during the last quarter. Institute for Wealth Management LLC. lifted its stake in shares of BILL by 4.4% in the 2nd quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after purchasing an additional 322 shares during the period. HighTower Advisors LLC boosted its position in shares of BILL by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 7,784 shares of the company’s stock worth $411,000 after purchasing an additional 513 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of BILL during the third quarter worth $28,000. Institutional investors own 97.99% of the company’s stock.

About BILL

(Get Free Report)

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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