GM Advisory Group LLC Purchases Shares of 22,382 BILL Holdings, Inc. $BILL

Key Points

• GM Advisory Group LLC has acquired a new position in BILL Holdings, purchasing 22,382 shares valued at approximately $1,027,000, indicating growing interest from institutional investors.
• BILL stock has faced some fluctuations, opening at $41.28 with a significant 52-week range between $36.55 and $100.19.
• Analyst ratings show a consensus of "Hold" for BILL, with a recent average target price revision to $62.20, reflecting mixed sentiments among financial analysts.

GM Advisory Group LLC purchased a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,382 shares of the company's stock, valued at approximately $1,027,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of BILL by 3,947.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,098 shares of the company's stock valued at $693,000 after purchasing an additional 14,725 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in BILL during the first quarter valued at about $570,000. Cetera Investment Advisers purchased a new stake in BILL in the fourth quarter worth approximately $467,000. GAMMA Investing LLC lifted its holdings in shares of BILL by 303.9% in the 1st quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock worth $57,000 after acquiring an additional 930 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of BILL by 145.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 2,203 shares of the company's stock worth $101,000 after acquiring an additional 1,306 shares during the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on BILL. Truist Financial boosted their target price on BILL from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Oppenheimer boosted their price objective on shares of BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Mizuho dropped their target price on shares of BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $75.00 target price on shares of BILL in a research note on Thursday, June 26th. Finally, Wells Fargo & Company reduced their price target on shares of BILL from $43.00 to $40.00 and set an "underweight" rating on the stock in a research report on Friday, May 9th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.32.

BILL Stock Up 2.4%

Shares of BILL stock traded up $0.9770 during mid-day trading on Friday, hitting $42.2270. The company's stock had a trading volume of 2,721,502 shares, compared to its average volume of 2,853,224. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19. The business has a 50-day moving average price of $44.08 and a 200 day moving average price of $46.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of -351.86, a PEG ratio of 9.15 and a beta of 1.35.

Insider Buying and Selling at BILL

In other news, 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 in the company, valued at $420,734.50. The trade was a 16.07% 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, 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 of the company's stock, valued at $404,735.60. This represents a 15.30% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

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.