BILL Holdings, Inc. (NYSE:BILL) Sees Significant Growth in Short Interest

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 7,050,000 shares, an increase of 31.3% from the December 15th total of 5,370,000 shares. Based on an average trading volume of 2,270,000 shares, the short-interest ratio is currently 3.1 days.

BILL Stock Performance

Shares of BILL stock traded up $0.74 during trading hours on Friday, reaching $88.98. The company had a trading volume of 1,783,539 shares, compared to its average volume of 2,587,056. The business has a fifty day moving average price of $87.92 and a 200-day moving average price of $65.38. The firm has a market cap of $9.21 billion, a PE ratio of -269.63, a price-to-earnings-growth ratio of 83.30 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. BILL has a one year low of $43.11 and a one year high of $97.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BILL shares. The Goldman Sachs Group upgraded BILL from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $96.00 to $104.00 in a research report on Thursday, January 9th. Wells Fargo & Company lifted their price target on shares of BILL from $55.00 to $65.00 and gave the company an "underweight" rating in a report on Thursday. Mizuho upped their price objective on shares of BILL from $64.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Morgan Stanley raised shares of BILL from an "equal weight" rating to an "overweight" rating and set a $95.00 target price on the stock in a research note on Thursday. Finally, Robert W. Baird increased their price target on shares of BILL from $74.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.00.

Insider Activity

In related news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction 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 directly owns 259 shares of the company's stock, valued at $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Germaine Cota sold 1,525 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction 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. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,823 shares of company stock valued at $218,887. Insiders own 4.20% of the company's stock.

Institutional Trading of BILL

A number of hedge funds have recently bought and sold shares of the company. Aigen Investment Management LP raised its position in BILL by 612.3% in the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company's stock worth $2,931,000 after acquiring an additional 47,761 shares during the period. WoodTrust Financial Corp bought a new position in BILL in the 3rd quarter worth $422,000. WCM Investment Management LLC lifted its position in BILL by 26.4% during the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company's stock valued at $15,647,000 after purchasing an additional 61,471 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in BILL during the third quarter valued at about $820,000. Finally, Algert Global LLC increased its position in BILL by 602.3% in the second quarter. Algert Global LLC now owns 61,518 shares of the company's stock worth $3,237,000 after buying an additional 52,758 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

BILL Company Profile

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.