Short Interest in BILL Holdings, Inc. (NYSE:BILL) Expands By 31.3%

BILL Holdings, Inc. (NYSE:BILL) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 7,050,000 shares, a growth of 31.3% from the December 15th total of 5,370,000 shares. Based on an average daily volume of 2,270,000 shares, the short-interest ratio is presently 3.1 days.

BILL Stock Up 0.8 %

Shares of BILL traded up $0.74 during mid-day trading on Friday, reaching $88.98. The company’s stock had a trading volume of 1,783,539 shares, compared to its average volume of 2,587,056. The company has a market cap of $9.21 billion, a price-to-earnings ratio of -269.63, a price-to-earnings-growth 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 quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $87.92 and a 200 day moving average of $65.30.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BILL. Piper Sandler lifted their price objective on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Mizuho upped their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Wells Fargo & Company raised their price objective on shares of BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Thursday. Finally, KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target on the stock in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Insider Transactions at BILL

In other BILL news, Director Alison Wagonfeld sold 519 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the sale, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. This trade represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,823 shares of company stock valued at $218,887. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On BILL

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 131 shares in the last quarter. Brooklyn Investment Group acquired a new stake in BILL in the third quarter valued at approximately $28,000. UMB Bank n.a. bought a new position in shares of BILL during the 4th quarter valued at $35,000. Advisors Asset Management Inc. lifted its stake 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 during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of BILL by 377.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares in the last quarter. 97.99% of the stock is currently owned by institutional investors and hedge funds.

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.