Eisler Capital Management Ltd. Takes Position in BILL Holdings, Inc. $BILL

Key Points

• Eisler Capital Management Ltd. acquired 131,250 shares of BILL Holdings, Inc., worth around $6.02 million, establishing a position of 0.13% in the company.
• Analyst ratings vary, with eleven analysts$40.00 to $75.00, resulting in an average target price of $62.61.
• BILL Holdings, Inc. has a market capitalization of $4.19 billion and experienced a share price decline of 0.9%, opening at $40.70.

Eisler Capital Management Ltd. acquired a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 131,250 shares of the company's stock, valued at approximately $6,020,000. Eisler Capital Management Ltd. owned approximately 0.13% of BILL at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new position in shares of BILL during the fourth quarter valued at about $30,000. Fifth Third Bancorp increased its stake in shares of BILL by 134.1% in the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after acquiring an additional 429 shares during the last quarter. Brooklyn Investment Group increased its position in shares of BILL by 73.6% during the 1st quarter. Brooklyn Investment Group now owns 889 shares of the company's stock worth $41,000 after purchasing an additional 377 shares during the last quarter. Farther Finance Advisors LLC grew its position in BILL by 2,189.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock valued at $48,000 after acquiring an additional 1,007 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of BILL by 303.9% in the 1st quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock valued at $57,000 after buying an additional 930 shares during the period. 97.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho decreased their target price on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Wells Fargo & Company lowered their price objective on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research note on Friday, May 9th. Oppenheimer lifted their target price on BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Truist Financial lifted their target price on BILL from $47.00 to $50.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $75.00 target price on shares of BILL in a research report on Thursday, June 26th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $62.61.

BILL Trading Down 0.9%

Shares of BILL opened at $40.70 on Wednesday. BILL Holdings, Inc. has a 12-month low of $36.55 and a 12-month high of $100.19. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of -339.17, a P/E/G ratio of 9.11 and a beta of 1.35. The stock's 50-day moving average price is $44.04 and its 200 day moving average price is $45.95.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 1,718 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president directly owned 9,512 shares in the company, valued at approximately $404,735.60. This represents a 15.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $45.25, for a total value of $80,545.00. Following the completion of the sale, the insider owned 9,298 shares in the company, valued at approximately $420,734.50. This represents a 16.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.20% 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.

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