Ceera Investments LLC Acquires New Stake in BILL Holdings, Inc. (NYSE:BILL)

Ceera Investments LLC purchased a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,730 shares of the company's stock, valued at approximately $263,000.

A number of other large investors also recently modified their holdings of BILL. Price T Rowe Associates Inc. MD increased its stake in BILL by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,879,448 shares of the company's stock worth $1,091,019,000 after purchasing an additional 1,241,432 shares during the period. Groupama Asset Managment increased its stake in BILL by 162.8% in the 4th quarter. Groupama Asset Managment now owns 5,650,000 shares of the company's stock worth $478,611,000 after purchasing an additional 3,500,000 shares during the period. Geode Capital Management LLC increased its stake in BILL by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,622,998 shares of the company's stock worth $137,528,000 after purchasing an additional 119,711 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in BILL by 112.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,610,447 shares of the company's stock worth $136,421,000 after purchasing an additional 852,863 shares during the period. Finally, Greenhouse Funds LLLP increased its stake in BILL by 0.8% in the 4th quarter. Greenhouse Funds LLLP now owns 1,396,617 shares of the company's stock worth $118,307,000 after purchasing an additional 11,002 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 1,718 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $42.55, for a total value of $73,100.90. Following the completion of the transaction, the senior vice president owned 9,512 shares in the company, valued at $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rajesh A. Aji sold 1,780 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the transaction, the insider owned 9,298 shares of the company's stock, valued at $420,734.50. This represents a 16.07% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

BILL Stock Up 3.3%

BILL stock traded up $1.55 during mid-day trading on Friday, hitting $48.11. The company had a trading volume of 1,611,636 shares, compared to its average volume of 2,345,451. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock's 50 day moving average price is $45.18 and its two-hundred day moving average price is $57.67. BILL Holdings, Inc. has a 12 month low of $36.55 and a 12 month high of $100.19. The company has a market capitalization of $4.96 billion, a PE ratio of -400.88, a price-to-earnings-growth ratio of 10.26 and a beta of 1.35.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. BILL had a return on equity of 1.21% and a net margin of 2.70%. The business had revenue of $358.22 million for the quarter, compared to the consensus estimate of $355.85 million. During the same period in the previous year, the company posted $0.60 earnings per share. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that BILL Holdings, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BILL. Keefe, Bruyette & Woods decreased their price target on BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Mizuho cut their price objective on BILL from $53.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Oppenheimer lifted their price objective on BILL from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Robert W. Baird cut their price objective on BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Finally, The Goldman Sachs Group cut their price objective on BILL from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $62.75.

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.