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

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

Analysts Set New Price Targets

BILL has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on BILL from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Thursday, January 16th. Susquehanna raised their target price on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. KeyCorp raised shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price for the company in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and increased their price target for the company from $96.00 to $104.00 in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

BILL Trading Up 0.8 %

The stock has a fifty day simple moving average of $88.88 and a 200 day simple moving average of $67.68. The firm has a market capitalization of $9.94 billion, a P/E ratio of -291.13, a PEG ratio of 89.33 and a beta of 1.72. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

Insiders Place Their Bets

In related news, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the sale, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of the 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 of the company’s stock, valued at $23,310. This trade represents a 75.05 % decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

Institutional Trading of BILL

Several hedge funds have recently made changes to their positions in BILL. GAMMA Investing LLC increased its position in BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares during the last quarter. Crewe Advisors LLC boosted its stake in shares of BILL by 129.1% during the 4th quarter. Crewe Advisors LLC now owns 307 shares of the company’s stock worth $26,000 after purchasing an additional 173 shares during the period. Fifth Third Bancorp bought a new position in BILL during the 4th quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in BILL in the 3rd quarter worth about $28,000. Finally, UMB Bank n.a. bought a new position in shares of BILL during the fourth quarter valued at approximately $35,000. 97.99% of the stock is currently owned by hedge funds and other 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.