BlackRock Inc. Acquires 454,813 Shares of Bill.com Holdings, Inc. (NYSE:BILL)

BlackRock Inc. increased its holdings in Bill.com Holdings, Inc. (NYSE:BILL) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,071,351 shares of the company’s stock after buying an additional 454,813 shares during the period. BlackRock Inc. owned 4.95% of Bill.com worth $1,353,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in Bill.com by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,328 shares of the company’s stock valued at $1,342,000 after purchasing an additional 81 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Bill.com by 48.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 184 shares of the company’s stock valued at $34,000 after purchasing an additional 60 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Bill.com by 35.6% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 411 shares of the company’s stock valued at $75,000 after purchasing an additional 108 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Bill.com by 18.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 693 shares of the company’s stock valued at $126,000 after purchasing an additional 107 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Bill.com by 4.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 95,093 shares of the company’s stock valued at $17,419,000 after purchasing an additional 4,364 shares during the period. 91.94% of the stock is owned by institutional investors.

Shares of BILL opened at $181.12 on Friday. The firm’s 50-day moving average price is $262.83 and its 200-day moving average price is $252.13. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. Bill.com Holdings, Inc. has a 1-year low of $109.64 and a 1-year high of $348.49.

Bill.com (NYSE:BILL) last posted its quarterly earnings data on Thursday, November 4th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.06. Bill.com had a negative net margin of 52.34% and a negative return on equity of 5.22%. The business had revenue of $116.40 million for the quarter, compared to analyst estimates of $104.59 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. Bill.com’s quarterly revenue was up 151.9% on a year-over-year basis. Sell-side analysts anticipate that Bill.com Holdings, Inc. will post -2.31 earnings per share for the current year.

In other Bill.com news, CEO Blake Thomas Murray sold 140,000 shares of Bill.com stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $301.11, for a total value of $42,155,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John R. Rettig sold 6,500 shares of Bill.com stock in a transaction dated Wednesday, January 5th. The stock was sold at an average price of $208.43, for a total transaction of $1,354,795.00. The disclosure for this sale can be found here. Insiders have sold 438,616 shares of company stock worth $130,644,985 in the last three months. 5.70% of the stock is currently owned by insiders.

Several analysts have recently weighed in on BILL shares. Needham & Company LLC raised their price objective on shares of Bill.com from $280.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, November 5th. Keefe, Bruyette & Woods started coverage on shares of Bill.com in a research report on Friday, January 7th. They set an “outperform” rating and a $300.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Bill.com in a research report on Tuesday. They set a “buy” rating and a $296.00 price objective on the stock. Piper Sandler raised their price objective on shares of Bill.com from $280.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, November 5th. Finally, Berenberg Bank reiterated a “hold” rating on shares of Bill.com in a research report on Monday, September 20th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $292.39.

About Bill.com

Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments 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, manage cash flows, and enhance office efficiency.

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Institutional Ownership by Quarter for Bill.com (NYSE:BILL)

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