Algert Global LLC Buys 7,300 Shares of BILL Holdings, Inc. (NYSE:BILL)

Algert Global LLC grew its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,818 shares of the company’s stock after purchasing an additional 7,300 shares during the quarter. Algert Global LLC owned about 0.07% of BILL worth $3,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BILL. Aigen Investment Management LP increased its holdings in BILL by 612.3% in the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after purchasing an additional 47,761 shares in the last quarter. WoodTrust Financial Corp bought a new stake in shares of BILL in the 3rd quarter valued at $422,000. WCM Investment Management LLC lifted its position in shares of BILL by 26.4% during the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after acquiring an additional 61,471 shares during the period. SG Americas Securities LLC boosted its stake in BILL by 826.5% during the second quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock worth $2,160,000 after acquiring an additional 36,613 shares in the last quarter. Finally, Iridian Asset Management LLC CT increased its stake in BILL by 26.9% in the third quarter. Iridian Asset Management LLC CT now owns 294,668 shares of the company’s stock valued at $15,547,000 after purchasing an additional 62,499 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Insider Buying and Selling at BILL

In other BILL news, Director Alison Wagonfeld sold 519 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the sale, the director now owns 1,038 shares in the company, valued at $59,685. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Germaine Cota sold 803 shares of BILL stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the completion of the transaction, the senior vice president now owns 6,861 shares of the company’s stock, valued at approximately $375,639.75. This trade represents a 10.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,112 shares of company stock worth $398,910 over the last ninety days. 4.20% of the stock is currently owned by company insiders.

BILL Trading Up 2.4 %

Shares of BILL stock opened at $93.72 on Tuesday. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $94.28. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $63.10 and a 200-day moving average of $55.70. The firm has a market cap of $9.70 billion, a P/E ratio of -284.00 and a beta of 1.59.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of BILL from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods decreased their price objective on BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, August 23rd. Mizuho cut their target price on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, August 28th. JPMorgan Chase & Co. reduced their price target on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Finally, Piper Sandler upped their price objective on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.65.

About BILL

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.