Holdings Inc. (BILL) Testing Investors’ Patience Right Now


    Kayne Anderson Rudnick Investment.. recently announced the acquisition of new stake in Holdings Inc. (NYSE:BILL). The institutional investor has increased its shareholding in the Technology company by 339.52% to 5.86 million shares with purchase of 4.52 million shares. This fresh investment now brings its stake to 7.45% valued currently at $545.23 million. In addition, The Vanguard Group, Inc. raised its holdings by 2.83 million to 3.6 million shares. And Abdiel Capital Advisors LP has lifted its position by 13.20% or 0.34 million shares – to 2.88 million shares.

    With over 3.71 million Holdings Inc. (BILL) shares trading Monday and a closing price of $98.98 on the day, the dollar volume was approximately $367.44 million. The shares have shown a positive weekly performance of 5.74% and its price on 08/31/20 lost nearly -1.33%. Currently, there are 72.58M common shares owned by the public and among those 70.95M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for BILL have a consensus price objective of $109.00. The analysts have set the share’s price value over the next 12 months at a high of $120.00 and a low of $96.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Holdings Inc. stock is 2.10 for the next 12 months. The average price target is -6.18% below its last price level and a downside to the estimated low will see the stock lose -3.1% over that period. But an upside of 17.52% will see the stock hit the forecast high price target while mean target price for the stock is $110.00.

    Insiders at the company have transacted a total of 194 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 65 of these insider trades were purchases, accounting for 53,308,579 shares. Insider sales of the common stock occurred on 129 occasions, with total insider shares sold totaling 20,836,005 shares.

    The top 3 mutual fund holders in Holdings Inc. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and Franklin Growth Fund. Vanguard Total Stock Market Index owns 1.29 million shares of the company’s stock, all valued at over $120.23 million. The company sold 6438.0 shares recently to bring their total holdings to about 1.64% of the shares outstanding. Vanguard Small Cap Index Fund sold 8420.0 shares to see its total holdings shrink to 1.13 million shares valued at over $105.03 million and representing 1.44% of the shares outstanding. Franklin Growth Fund now owns shares totaling to 1.12% of the shares outstanding.

    Shares of Holdings Inc. (NYSE: BILL) opened at $97.95, down -$2.36 from a prior closing price of $100.31. However, the script later closed the day at $98.98, down -1.33%. The company’s stock has a 5-day price change of 5.74% and 40.48% over the past three months. It has a 12-month low price of $23.61 and touched a high of $107.41 over the same period. Currently, 3.71 million shares have been traded, compared to an average intraday trading volume of 1.46 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.44%, 10.30%, and 57.84% respectively.

    Institutional ownership of Holdings Inc. (NYSE: BILL) shares accounts for 92.50% of the company’s 72.58M shares outstanding. Mutual fund holders own 26.92%, while other institutional holders and individual stakeholders account for 44.22% and 20.05% respectively.

    It has a market capitalization of $7.92B. The earnings-per-share (ttm) stands at -$0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.26% over the week and 6.45% over the month.

    Analysts forecast that Holdings Inc. (BILL) will achieve an EPS of -$0.08 for the current quarter, -$0.08 for the next quarter and -$0.23 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of -$0.07. Earnings per share for the fiscal year are expected to decrease by -1.70%, and 18.20% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Holdings Inc. (BILL) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 4 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the BILL, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on August 28, 2020, with the firm’s price target at $110-$120. Oppenheimer coverage for the Holdings Inc. (BILL) stock in a research note released on July 29, 2020 offered a Outperform rating with a price target of $103. Piper Sandler was of a view on May 28, 2020 that the stock is Overweight, while Piper Sandler gave the stock Neutral rating on May 14, 2020, issuing a price target of $85. Wells Fargo on their part issued Equal Weight rating on April 22, 2020.


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