Commonwealth Equity Services LLC Has $676,000 Holdings in BILL Holdings, Inc. (NYSE:BILL)

Commonwealth Equity Services LLC grew its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 42.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,839 shares of the company’s stock after buying an additional 3,847 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BILL were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in BILL by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock valued at $685,573,000 after buying an additional 94,786 shares in the last quarter. Coatue Management LLC bought a new position in shares of BILL in the 4th quarter valued at approximately $163,218,000. Abdiel Capital Advisors LP lifted its holdings in BILL by 16.6% in the 4th quarter. Abdiel Capital Advisors LP now owns 1,711,392 shares of the company’s stock worth $139,632,000 after purchasing an additional 243,788 shares during the last quarter. Norges Bank acquired a new stake in BILL in the 4th quarter worth approximately $95,702,000. Finally, Kodai Capital Management LP bought a new stake in BILL during the first quarter worth approximately $59,341,000. Institutional investors own 97.99% of the company’s stock.

BILL Stock Up 6.0 %

BILL opened at $54.75 on Friday. The company has a market capitalization of $5.81 billion, a P/E ratio of -69.30 and a beta of 1.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. The firm’s fifty day moving average price is $51.26 and its two-hundred day moving average price is $55.74. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $118.69.

BILL (NYSE:BILL) last issued its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a negative net margin of 2.24% and a positive return on equity of 1.13%. The business had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue was up 16.1% on a year-over-year basis. On average, analysts anticipate that BILL Holdings, Inc. will post -0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BILL. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Thursday, September 12th. Mizuho dropped their target price on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. BMO Capital Markets decreased their price target on shares of BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a report on Monday, August 26th. The Goldman Sachs Group lowered BILL from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $86.00 to $54.00 in a research note on Friday, August 23rd. Finally, Oppenheimer cut their price objective on BILL from $95.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.24.

Insider Buying and Selling at BILL

In related news, CEO Rene A. Lacerte bought 42,248 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the acquisition, the chief executive officer now owns 184,249 shares in the company, valued at approximately $9,138,750.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Rene A. Lacerte purchased 42,248 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $49.60 per share, with a total value of $2,095,500.80. Following the acquisition, the chief executive officer now directly owns 184,249 shares of the company’s stock, valued at approximately $9,138,750.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Germaine Cota sold 803 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.75, for a total transaction of $43,964.25. Following the sale, the senior vice president now directly owns 6,861 shares in the company, valued at $375,639.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 68,372 shares of company stock valued at $3,404,826. 3.80% of the stock is currently owned by corporate insiders.

BILL Profile

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.