Bridgewater Associates LP Boosts Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Bridgewater Associates LP boosted its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 504.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,721 shares of the company’s stock after purchasing an additional 106,576 shares during the period. Bridgewater Associates LP owned about 0.12% of BILL worth $6,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP lifted its position 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 worth $2,931,000 after purchasing an additional 47,761 shares during the period. WoodTrust Financial Corp purchased a new stake in BILL in the third quarter worth about $422,000. WCM Investment Management LLC boosted its position in 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 in the last quarter. Algert Global LLC grew its holdings 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 acquiring an additional 52,758 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BILL in the 3rd quarter worth approximately $820,000. Institutional investors own 97.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Mizuho dropped their price target on BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. BMO Capital Markets dropped their target price on shares of BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a report on Monday, August 26th. Keefe, Bruyette & Woods decreased their price target on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research note on Friday, August 23rd. BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, September 12th. Finally, Oppenheimer raised their target price on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $75.78.

Insider Activity

In other BILL news, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, valued at $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now directly owns 259 shares in the company, valued at approximately $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,823 shares of company stock valued at $218,887 in the last ninety days. 4.20% of the stock is currently owned by company insiders.

BILL Stock Up 0.5 %

BILL opened at $90.25 on Friday. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve 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 firm has a 50 day moving average price of $66.13 and a 200-day moving average price of $56.65. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of -273.48 and a beta of 1.59.

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.