Weiss Asset Management LP Raises Position in BILL Holdings, Inc. (NYSE:BILL)

Weiss Asset Management LP raised its holdings in BILL Holdings, Inc. (NYSE:BILL) by 156.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 158,405 shares of the company’s stock after acquiring an additional 96,540 shares during the quarter. Weiss Asset Management LP owned 0.15% of BILL worth $8,357,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in BILL. Aigen Investment Management LP boosted its holdings in shares of BILL by 612.3% in the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after purchasing an additional 47,761 shares during the last quarter. WoodTrust Financial Corp acquired a new stake in BILL during the third quarter worth about $422,000. WCM Investment Management LLC lifted its holdings in shares of BILL by 26.4% in the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock worth $15,647,000 after purchasing an additional 61,471 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in BILL in the 3rd quarter worth about $820,000. Finally, Algert Global LLC raised its position in shares of BILL by 602.3% during the 2nd 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.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Oppenheimer upped their target price on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group cut their target price on shares of BILL from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Piper Sandler boosted their price objective on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Robert W. Baird lifted their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, BILL currently has an average rating of “Hold” and an average target price of $78.28.

BILL Stock Up 3.3 %

BILL stock opened at $95.61 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The company’s 50-day moving average is $69.24 and its 200-day moving average is $57.54. The firm has a market capitalization of $9.90 billion, a PE ratio of -289.73 and a beta of 1.72. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $97.21.

Insider Buying and Selling at BILL

In related news, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the transaction, the director now owns 1,038 shares of the company’s stock, valued at $59,685. The trade was a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Germaine Cota sold 1,525 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the sale, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,823 shares of company stock worth $218,887 over the last ninety days. Insiders own 4.20% 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.