LPL Financial LLC Boosts Stake in BILL Holdings, Inc. (NYSE:BILL)

Key Points

• LPL Financial LLC increased its stake in BILL Holdings, Inc. by 35.6% during the first quarter, bringing its total holdings to 87,491 shares valued at approximately $4.015 million.
• BILL Holdings has attracted substantial investment interest, with hedge funds and institutional investors collectively owning 97.99% of the company's stock.
• Analyst ratings for BILL include a consensus rating of "Moderate Buy" and a price target of $62.10, with varied opinions ranging from "sell" to "buy."

LPL Financial LLC lifted its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 35.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,491 shares of the company's stock after purchasing an additional 22,958 shares during the period. LPL Financial LLC owned about 0.09% of BILL worth $4,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BILL. CoreCap Advisors LLC purchased a new stake in shares of BILL in the fourth quarter valued at approximately $30,000. GeoWealth Management LLC acquired a new position in shares of BILL during the fourth quarter valued at approximately $32,000. Coppell Advisory Solutions LLC lifted its position in shares of BILL by 202.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after acquiring an additional 247 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of BILL by 134.1% in the first 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. Finally, Farther Finance Advisors LLC increased its position in shares of BILL by 2,189.1% during the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock worth $48,000 after purchasing an additional 1,007 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

Analyst Ratings Changes

BILL has been the topic of a number of research reports. UBS Group raised their price objective on BILL from $60.00 to $65.00 and gave the company a "buy" rating in a report on Friday, May 9th. BTIG Research initiated coverage on shares of BILL in a research note on Wednesday, April 30th. They issued a "buy" rating and a $60.00 price target on the stock. Robert W. Baird lowered their price target on shares of BILL from $55.00 to $52.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. KeyCorp cut their price objective on shares of BILL from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of BILL in a research report on Thursday, July 17th. They set a "hold" rating and a $49.00 price target for the company. One 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.10.

BILL Price Performance

Shares of NYSE BILL opened at $39.47 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $4.07 billion, a price-to-earnings ratio of -328.87, a price-to-earnings-growth ratio of 8.94 and a beta of 1.35. The stock's 50-day moving average is $44.43 and its two-hundred day moving average is $49.10. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19.

Insider Transactions at BILL

In related news, insider Rajesh A. Aji sold 1,780 shares of the firm'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 sale, the insider owned 9,298 shares of the company's stock, valued at $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Germaine Cota sold 1,718 shares of BILL stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $42.55, for a total transaction 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. Insiders own 4.20% of the company's stock.

About BILL

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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