Bill.com Holdings Inc. (NYSE:BILL) closed Tuesday at $136.35 per share, up from $134.67 a day earlier. While Bill.com Holdings Inc. has overperformed by 1.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BILL fell by -34.15%, with highs and lows ranging from $348.49 to $89.87, whereas the simple moving average fell by -32.23% in the last 200 days.
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On July 27, 2022, Oppenheimer started tracking Bill.com Holdings Inc. (NYSE: BILL) recommending Outperform. A report published by JP Morgan on May 20, 2022, Initiated its previous ‘Overweight’ rating for BILL. Wells Fargo also rated BILL shares as ‘Overweight’, setting a target price of $284 on the company’s shares in an initiating report dated April 05, 2022. Oppenheimer Reiterated the rating as Outperform on February 04, 2022, but set its price target from $370 to $285. KeyBanc Capital Markets resumed its ‘Overweight’ rating for BILL, as published in its report on February 04, 2022. Evercore ISI’s report from February 04, 2022 suggests a price prediction of $200 for BILL shares, giving the stock a ‘In-line’ rating. BMO Capital Markets also rated the stock as ‘Outperform’.
Analysis of Bill.com Holdings Inc. (BILL)
Further, the quarter-over-quarter increase in sales is 179.60%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Bill.com Holdings Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -7.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and BILL is recording an average volume of 2.33M. On a monthly basis, the volatility of the stock is set at 7.17%, whereas on a weekly basis, it is put at 6.79%, with a gain of 13.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $187.06, showing growth from the present price of $136.35, which can serve as yet another indication of whether BILL is worth investing in or should be passed over.
How Do You Analyze Bill.com Holdings Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in BILL shares?
The recent increase in stakes in BILL appears to be a result of several institutional investors and hedge funds increasing their positions. T. Rowe Price Associates, Inc.’s position in BILL has increased by 42.22% in the first quarter. The company now owns 13,241,164 shares of the stock, with a value of $1.46 billion, following the purchase of 3,930,663 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in BILL during the first quarter, upping its stake by 2.51%. During the last quarter, the company picked up 211,866 additional shares for a total stake of worth $951.86 million, bringing number of shares owned by the company to 8,658,037.
During the first quarter, Morgan Stanley Investment Managem added a 336,975 position in BILL. Capital Research & Management Co purchased an additional 0.63 million shares in the last quarter, increasing its holdings by 12.39%, now holding 5.74 million shares worth $631.32 million. At the end of the first quarter, Temasek Holdings Pte Ltd. decreased its BILL holdings by 0.00% and now holds 5.57 million BILL shares valued at $612.0 million with the lessened 0.0 shares during the period.
