Bill.com Holdings, Inc. (NYSE:BILL) Stake Boosted by Coatue Management LLC

Coatue Management LLC grew its stake in shares of Bill.com Holdings, Inc. (NYSE:BILL) by 278.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 290,288 shares of the company’s stock after purchasing an additional 213,657 shares during the quarter. Coatue Management LLC’s holdings in Bill.com were worth $53,175,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Bill.com by 5.7% during the second quarter. Vanguard Group Inc. now owns 7,036,403 shares of the company’s stock worth $1,288,928,000 after buying an additional 378,774 shares during the period. BlackRock Inc. boosted its position in shares of Bill.com by 10.9% during the second quarter. BlackRock Inc. now owns 4,616,538 shares of the company’s stock worth $845,657,000 after buying an additional 452,052 shares during the period. Whale Rock Capital Management LLC boosted its position in shares of Bill.com by 11.2% during the first quarter. Whale Rock Capital Management LLC now owns 3,905,451 shares of the company’s stock worth $568,243,000 after buying an additional 392,535 shares during the period. Capital International Investors boosted its position in shares of Bill.com by 107.2% during the first quarter. Capital International Investors now owns 3,412,968 shares of the company’s stock worth $496,587,000 after buying an additional 1,765,853 shares during the period. Finally, Lone Pine Capital LLC boosted its position in shares of Bill.com by 1.9% during the first quarter. Lone Pine Capital LLC now owns 2,820,713 shares of the company’s stock worth $410,414,000 after buying an additional 52,006 shares during the period. 87.23% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on the company. BTIG Research boosted their price objective on Bill.com from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, September 2nd. Bank of America upped their target price on Bill.com from $185.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, August 27th. Susquehanna Bancshares upped their target price on Bill.com from $160.00 to $176.00 and gave the stock a “neutral” rating in a research report on Friday, June 25th. Berenberg Bank restated a “hold” rating on shares of Bill.com in a research report on Monday, September 20th. Finally, Needham & Company LLC upped their target price on Bill.com from $215.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, August 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $247.00.

In related news, CEO Rene A. Lacerte sold 25,000 shares of the company’s stock in a transaction on Wednesday, July 21st. The shares were sold at an average price of $198.46, for a total value of $4,961,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bora Chung sold 18,848 shares of the company’s stock in a transaction on Friday, July 16th. The stock was sold at an average price of $181.31, for a total transaction of $3,417,330.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 262,243 shares of company stock worth $65,820,132. Company insiders own 11.10% of the company’s stock.

Shares of NYSE:BILL traded up $10.54 on Thursday, reaching $305.25. 21,072 shares of the company traded hands, compared to its average volume of 1,867,813. Bill.com Holdings, Inc. has a fifty-two week low of $89.19 and a fifty-two week high of $301.99. The company’s 50 day moving average is $256.87 and its 200-day moving average is $198.01. The stock has a market capitalization of $28.93 billion, a PE ratio of -251.89 and a beta of 2.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.55 and a quick ratio of 1.55.

Bill.com (NYSE:BILL) last announced its earnings results on Wednesday, August 25th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Bill.com had a negative net margin of 41.43% and a negative return on equity of 6.22%. The firm had revenue of $78.30 million for the quarter, compared to analyst estimates of $64.98 million. During the same period last year, the firm earned ($0.02) earnings per share. Bill.com’s revenue for the quarter was up 85.9% compared to the same quarter last year. As a group, analysts expect that Bill.com Holdings, Inc. will post -2.15 EPS for the current year.

Bill.com Profile

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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