BILL (NYSE:BILL) Hits New 1-Year High – What’s Next?

BILL Holdings, Inc. (NYSE:BILL) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $97.93 and last traded at $98.39, with a volume of 1488697 shares traded. The stock had previously closed at $92.89.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BILL. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a report on Thursday, January 16th. KeyCorp raised shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective for the company in a report on Wednesday, December 18th. Piper Sandler lifted their target price on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods cut their price target on shares of BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Finally, The Goldman Sachs Group upgraded BILL from a “neutral” rating to a “buy” rating and upped their price objective for the company from $96.00 to $104.00 in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.00.

BILL Price Performance

The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of -293.97, a PEG ratio of 89.33 and a beta of 1.72. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The company’s 50 day simple moving average is $88.51 and its 200-day simple moving average is $67.17.

Insiders Place Their Bets

In other BILL news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the transaction, the director now owns 259 shares in the company, valued at $23,310. The trade was a 75.05 % decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BILL

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC raised its position in shares of BILL by 4.0% in the 4th quarter. Empowered Funds LLC now owns 5,324 shares of the company’s stock valued at $451,000 after purchasing an additional 207 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in BILL in the fourth quarter valued at $919,000. Crewe Advisors LLC boosted its stake in BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares during the last quarter. Choreo LLC acquired a new position in BILL during the 4th quarter worth $409,000. Finally, Yousif Capital Management LLC bought a new stake in shares of BILL in the 4th quarter worth about $2,842,000. 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.