Germaine Cota Sells 1,525 Shares of BILL Holdings, Inc. (NYSE:BILL) Stock

BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Germaine Cota also recently made the following trade(s):

• On Friday, August 30th, Germaine Cota sold 803 shares of BILL stock. The stock was sold at an average price of $54.75, for a total value of $43,964.25.

BILL Stock Up 3.6 %

Shares of NYSE:BILL traded up $3.12 during trading on Tuesday, hitting $89.01. The company’s stock had a trading volume of 3,813,596 shares, compared to its average volume of 1,923,311. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $9.21 billion, a PE ratio of -268.24 and a beta of 1.59. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $90.16. The stock’s 50-day moving average price is $56.08 and its two-hundred day moving average price is $53.70.

BILL (NYSE:BILL) last posted its earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.46 by $0.11. The company had revenue of $343.67 million during the quarter, compared to analyst estimates of $328.27 million. BILL had a return on equity of 1.53% and a net margin of 0.59%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. As a group, sell-side analysts expect that BILL Holdings, Inc. will post -0.57 EPS for the current year.

Analyst Upgrades and Downgrades

BILL has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Wolfe Research cut BILL from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 1st. BMO Capital Markets reduced their price objective on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research note on Monday, August 26th. Evercore ISI reduced their price objective on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, August 23rd. Finally, Mizuho dropped their target price on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, BILL currently has an average rating of “Hold” and an average target price of $74.65.

Hedge Funds Weigh In On BILL

Several hedge funds have recently modified their holdings of BILL. Advisors Asset Management Inc. grew its holdings in shares of BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares in the last quarter. Versant Capital Management Inc acquired a new stake in BILL during the second quarter valued at $46,000. Venturi Wealth Management LLC boosted its position in BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares during the last quarter. UniSuper Management Pty Ltd boosted its position in BILL by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after purchasing an additional 700 shares during the last quarter. Finally, Covestor Ltd boosted its position in BILL by 15.1% during the third 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 last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.