T. Rowe Price Associates, Inc. has recently announced that it has increased stake in BILL Holdings Inc (NYSE:BILL) by 1.75%. After grabbing 12.68 million shares, the institutional investor is now in possession of 0.22 million shares of the Technology Company. The new investment brought the stake of investor firm to 11.87% having worth around $829.84 million. Moreover, Morgan Stanley Investment Managem increased its share by 0.64 million to have a control over 11.01 million shares. And The Vanguard Group, Inc. raised its holdings to 65633.0 shares by acquiring 9.5 million shares or 8.90% of the stake.
BILL Holdings Inc (BILL) concluded trading on 12/21/23 at a closing price of $82.97, with 2.04 million shares of worth about $169.36 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.31% during that period and on Thursday the price saw a gain of about 2.44%. Currently the company’s common shares owned by public are about 106.55M shares, out of which, 101.93M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 163 times over the past 12 months. They bought 218,850 shares in 60 of the transactions. In 103 selling transactions, insiders dumped 186,976 shares.
T Rowe Price New Horizons Fund, Vanguard Total Stock Market ETF, and Morgan Stanley Instl. Fund-Growth are the top 3 mutual funds which are holding stakes in BILL Holdings Inc T Rowe Price New Horizons Fund is currently holding 6.51 million shares of worth totaling $426.34 million. The company recently came buying 38539.0 shares which brought its stake up to 6.10% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 5200.0 shares, after which its hold over company’s outstanding shares expand to 2.96%, leaving 3.16 million shares with the mutual fund that have a worth of about $206.99 million. Morgan Stanley Instl. Fund-Growth, after buying 2.32 million shares, have now control over 2.17% of the stake in the company. It holds 0.15 million shares of worth $152.05 million.
BILL Holdings Inc (NYSE: BILL) started trading at $82.95, above $1.96 from concluding price of the previous day. However, the stock later moved at a day high price of 83.95, or with a gain of 2.44%. Stock saw a price change of 7.36% in past 5 days and over the past one month there was a price change of 32.01%. Year-to-date (YTD), BILL shares are showing a performance of -23.85% which decreased to -22.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.94 but also hit the highest price of $139.50 during that period. The average intraday trading volume for BILL Holdings Inc shares is 3.04 million. The stock is currently trading 17.17% above its 20-day simple moving average (SMA20), while that difference is up 6.00% for SMA50 and it goes to -13.03% lower than SMA200.
T. Rowe Price Associates, Inc. acquired 12.68 million shares of BILL Holdings Inc having value of about $829.84 million. Data submitted at the U.S SEC by T. Rowe Price Associates, Inc. revealed that the firm now holds 0.22 million shares in the company valued at close to $18133508.35, or have control over 1.75% stake in the company. BILL Holdings Inc (NYSE: BILL) currently have 106.55M outstanding shares and institutions hold larger chunk of about 99.02% of that. Holding of mutual funds in the company is about 44.29% while other institutional holders and individual stake holders have control over 54.85% and 12.06% of the stake respectively.
The stock has a current market capitalization of $8.86B and its 3Y-monthly beta is at 1.73. It has posted earnings per share of -$1.60 in the same period. It has Quick Ratio of 1.81 while making debt-to-equity ratio of 0.46. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BILL, volatility over the week remained 4.86% while standing at 4.64% over the month.
Analysts are in expectations that BILL Holdings Inc (BILL) stock would likely to be making an EPS of $0.41 in the current quarter, while forecast for next quarter EPS is $0.43 and it is $2.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.36 which is $0.46 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.42 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.71% while it is estimated to increase by 18.37% in next year. EPS is likely to grow at an annualized rate of 13.36% for next 5-years, compared to annual growth of -84.18% made by the stock over the past 5-years.
Analysts at 28 brokerage firms have issued recommendations for the BILL Holdings Inc (BILL)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.96. Out of those 28 Wall Street analysts, 16 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
