Brokerages Set BILL Holdings, Inc. (NYSE:BILL) PT at $85.00

Shares of BILL Holdings, Inc. (NYSE:BILL) have received a consensus rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $85.00.

A number of brokerages recently issued reports on BILL. KeyCorp upgraded shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price on the stock in a research report on Wednesday, December 18th. Oppenheimer raised their price objective on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company upped their target price on BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods decreased their price target on BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Finally, Mizuho upped their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th.

BILL Stock Performance

BILL stock opened at $96.95 on Wednesday. The stock has a fifty day moving average of $89.11 and a two-hundred day moving average of $68.26. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $100.19. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of -293.78, a PEG ratio of 162.34 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

Insider Activity

In other news, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now owns 259 shares of the company’s stock, valued at $23,310. This represents a 75.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

Institutional Trading of BILL

A number of large investors have recently added to or reduced their stakes in BILL. Algert Global LLC boosted its stake in BILL by 602.3% in the 2nd quarter. Algert Global LLC now owns 61,518 shares of the company’s stock worth $3,237,000 after purchasing an additional 52,758 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BILL in the 2nd quarter worth about $268,000. Handelsbanken Fonder AB boosted its position in BILL by 27.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 27,156 shares of the company’s stock worth $1,433,000 after acquiring an additional 5,900 shares during the period. Private Advisory Group LLC purchased a new position in BILL during the 3rd quarter valued at about $3,344,000. Finally, Washington Capital Management Inc. acquired a new position in shares of BILL in the 3rd quarter valued at about $274,000. 97.99% of the stock is currently owned by institutional investors.

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.