BILL (NYSE:BILL) Shares Gap Up Following Analyst Upgrade

BILL Holdings, Inc. (NYSE:BILL) gapped up prior to trading on Thursday after Wells Fargo & Company raised their price target on the stock from $55.00 to $65.00. The stock had previously closed at $87.09, but opened at $90.50. Wells Fargo & Company currently has an underweight rating on the stock. BILL shares last traded at $88.85, with a volume of 289,583 shares changing hands.

BILL has been the subject of a number of other research reports. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective for the company in a research report on Wednesday, December 18th. Robert W. Baird boosted their price target on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Oppenheimer upped their price target on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research report on Thursday. Finally, Susquehanna upped their target price on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, BILL presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Insider Buying and Selling at BILL

In related news, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the transaction, the director now directly owns 1,038 shares in the company, valued at $59,685. The trade was a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Germaine Cota sold 1,525 shares of the stock in a transaction on Friday, November 8th. The shares were 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 owns 5,348 shares of the company’s stock, valued at $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,823 shares of company stock valued at $218,887. 4.20% of the stock is owned by insiders.

Institutional Investors Weigh In On BILL

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 131 shares in the last quarter. Brooklyn Investment Group purchased a new position in BILL during the 3rd quarter valued at about $28,000. Advisors Asset Management Inc. lifted its position in shares of BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after purchasing an additional 259 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the period. Finally, Covestor Ltd grew 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 in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

BILL Trading Up 1.2 %

The company’s 50 day simple moving average is $86.79 and its two-hundred day simple moving average is $64.73. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of -267.15, a price-to-earnings-growth ratio of 83.30 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

BILL Company 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.