Y Intercept Hong Kong Ltd lifted its stake in BILL Holdings, Inc. (NYSE:BILL – Free Report) by 82.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,683 shares of the company’s stock after buying an additional 41,103 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.09% of BILL worth $4,803,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Nomura Holdings Inc. lifted its position in BILL by 7,753.6% during the 2nd quarter. Nomura Holdings Inc. now owns 1,486,762 shares of the company’s stock worth $68,778,000 after acquiring an additional 1,467,831 shares in the last quarter. Norges Bank purchased a new stake in shares of BILL during the second quarter valued at approximately $52,908,000. Senvest Management LLC raised its stake in shares of BILL by 96.2% during the second quarter. Senvest Management LLC now owns 1,827,889 shares of the company’s stock valued at $84,558,000 after purchasing an additional 896,393 shares during the period. Federated Hermes Inc. lifted its position in shares of BILL by 96.3% during the second quarter. Federated Hermes Inc. now owns 1,303,473 shares of the company’s stock worth $60,299,000 after purchasing an additional 639,502 shares in the last quarter. Finally, Parnassus Investments LLC boosted its stake in shares of BILL by 191.5% in the third quarter. Parnassus Investments LLC now owns 905,585 shares of the company’s stock valued at $47,969,000 after purchasing an additional 594,939 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.
BILL Trading Up 3.6%
Shares of NYSE BILL opened at $48.49 on Monday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $51.94 and its two-hundred day moving average price is $49.21. BILL Holdings, Inc. has a 52-week low of $36.55 and a 52-week high of $100.19. The stock has a market capitalization of $4.86 billion, a P/E ratio of -179.58, a PEG ratio of 6.83 and a beta of 1.32.
Insiders Place Their Bets
In other BILL news, SVP Germaine Cota sold 1,104 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $51.23, for a total transaction of $56,557.92. Following the sale, the senior vice president directly owned 10,812 shares of the company’s stock, valued at approximately $553,898.76. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.20% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of BILL from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Citigroup dropped their target price on BILL from $71.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday. Truist Financial set a $58.00 price target on BILL in a research note on Tuesday, January 20th. JPMorgan Chase & Co. lifted their price objective on BILL from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $60.00 target price on shares of BILL in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, BILL has an average rating of “Moderate Buy” and an average target price of $58.90.
Read Our Latest Report on BILL
BILL 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. It also offers onboarding implementation support, and ongoing support and training services.
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