BILL (NYSE:BILL) Raised to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of BILL (NYSE:BILL) from an equal weight rating to an overweight rating in a report published on Thursday morning, Marketbeat reports. Morgan Stanley currently has $95.00 price objective on the stock.

Several other analysts also recently commented on the stock. Robert W. Baird raised their price objective on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Mizuho raised their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Piper Sandler raised their price objective on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Susquehanna lifted their price target on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Finally, KeyCorp upgraded shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target on the stock in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.00.

BILL Trading Up 1.3 %

Shares of BILL stock opened at $88.19 on Thursday. The company’s fifty day simple moving average is $87.24 and its 200-day simple moving average is $64.89. The stock has a market capitalization of $9.13 billion, a PE ratio of -267.25, a P/E/G ratio of 83.30 and a beta of 1.72. BILL has a 1-year low of $43.11 and a 1-year high of $97.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

Insider Buying and Selling

In related news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the sale, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,823 shares of company stock valued at $218,887. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of BILL by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of BILL in the 3rd quarter valued at about $28,000. UMB Bank n.a. bought a new stake in shares of BILL in the 4th quarter valued at about $35,000. Advisors Asset Management Inc. raised its holdings in shares of BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of BILL by 377.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

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.