AIA Group Ltd Buys 330 Shares of Bill.com Holdings, Inc. (NYSE:BILL)

AIA Group Ltd boosted its stake in shares of Bill.com Holdings, Inc. (NYSE:BILLGet Rating) by 49.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 999 shares of the company’s stock after purchasing an additional 330 shares during the quarter. AIA Group Ltd’s holdings in Bill.com were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in BILL. Rafferty Asset Management LLC boosted its holdings in Bill.com by 2.6% in the fourth quarter. Rafferty Asset Management LLC now owns 2,150 shares of the company’s stock worth $536,000 after acquiring an additional 54 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Bill.com by 5.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,162 shares of the company’s stock worth $292,000 after acquiring an additional 60 shares in the last quarter. FirstPurpose Wealth LLC boosted its holdings in Bill.com by 9.3% in the first quarter. FirstPurpose Wealth LLC now owns 921 shares of the company’s stock worth $209,000 after acquiring an additional 78 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its holdings in Bill.com by 0.9% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 9,149 shares of the company’s stock worth $2,279,000 after acquiring an additional 83 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Bill.com by 4.2% in the first quarter. Valeo Financial Advisors LLC now owns 2,083 shares of the company’s stock worth $472,000 after acquiring an additional 83 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

Bill.com Stock Up 0.7 %

Shares of BILL stock opened at $142.46 on Friday. The stock has a 50 day moving average of $124.04 and a 200 day moving average of $166.42. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. The stock has a market cap of $14.85 billion, a P/E ratio of -49.29 and a beta of 2.26. Bill.com Holdings, Inc. has a twelve month low of $89.87 and a twelve month high of $348.49.

Bill.com (NYSE:BILLGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.01). The business had revenue of $166.90 million during the quarter, compared to analysts’ expectations of $157.90 million. Bill.com had a negative net margin of 54.96% and a negative return on equity of 5.05%. The firm’s quarterly revenue was up 179.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.15) earnings per share. As a group, sell-side analysts expect that Bill.com Holdings, Inc. will post -2.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BILL shares. Credit Suisse Group started coverage on Bill.com in a report on Friday, July 29th. They issued an “outperform” rating and a $160.00 price target for the company. Canaccord Genuity Group decreased their target price on Bill.com from $366.00 to $250.00 in a report on Friday, May 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Bill.com from $265.00 to $177.00 and set a “buy” rating for the company in a report on Thursday, July 7th. BTIG Research decreased their target price on Bill.com from $375.00 to $300.00 in a report on Friday, May 6th. Finally, The Goldman Sachs Group downgraded Bill.com to a “buy” rating and decreased their target price for the stock from $320.00 to $216.00 in a report on Monday, May 9th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Bill.com has an average rating of “Moderate Buy” and a consensus target price of $229.05.

Insider Activity

In other news, CEO Rene A. Lacerte sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $116.72, for a total value of $1,167,200.00. Following the completion of the sale, the chief executive officer now directly owns 78,970 shares in the company, valued at $9,217,378.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Bora Chung sold 8,854 shares of Bill.com stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $121.15, for a total value of $1,072,662.10. Following the sale, the insider now directly owns 616 shares of the company’s stock, valued at $74,628.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rene A. Lacerte sold 10,000 shares of Bill.com stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $116.72, for a total value of $1,167,200.00. Following the completion of the sale, the chief executive officer now directly owns 78,970 shares in the company, valued at $9,217,378.40. The disclosure for this sale can be found here. Insiders sold 49,942 shares of company stock worth $5,823,789 over the last three months. 5.70% of the stock is currently owned by corporate insiders.

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. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.

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Institutional Ownership by Quarter for Bill.com (NYSE:BILL)

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