Brokerages Set BILL Holdings, Inc. (NYSE:BILL) Target Price at $83.79

BILL Holdings, Inc. (NYSE:BILL) has been assigned an average rating of “Hold” from the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $83.53.

BILL has been the subject of several recent research reports. Mizuho lifted their price target on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Robert W. Baird lifted their target price on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. 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 report on Thursday, September 12th. Piper Sandler lifted their price objective on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group increased their target price on shares of BILL from $77.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd.

BILL Price Performance

NYSE:BILL opened at $87.39 on Friday. The firm’s fifty day moving average is $83.85 and its two-hundred day moving average is $63.34. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of -264.82 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 has a one year low of $43.11 and a one year high of $97.86.

Insider Buying and Selling

In related news, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the sale, the director now directly owns 1,038 shares of the company’s stock, valued at approximately $59,685. This trade represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of BILL 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 approximately $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BILL

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BILL. Abdiel Capital Advisors LP raised its stake in shares of BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after acquiring an additional 1,666,316 shares in the last quarter. Dimensional Fund Advisors LP raised its position in BILL by 70.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock valued at $73,049,000 after purchasing an additional 575,084 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after buying an additional 321,400 shares during the period. Assenagon Asset Management S.A. grew its position in shares of BILL by 297.7% during the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after buying an additional 284,935 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after buying an additional 279,256 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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.