BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in BILL Holdings, Inc. (NYSE:BILL) by 64.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,206 shares of the company’s stock after selling 32,875 shares during the quarter. Quantbot Technologies LP’s holdings in BILL were worth $961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BILL. The Manufacturers Life Insurance Company boosted its holdings in BILL by 2.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,090 shares of the company’s stock valued at $3,170,000 after purchasing an additional 1,342 shares during the last quarter. West Tower Group LLC acquired a new position in BILL in the third quarter valued at approximately $211,000. Dynamic Technology Lab Private Ltd purchased a new position in BILL in the third quarter worth approximately $820,000. Algert Global LLC increased its stake in BILL by 11.9% during the third quarter. Algert Global LLC now owns 68,818 shares of the company’s stock worth $3,631,000 after acquiring an additional 7,300 shares during the last quarter. Finally, Telemark Asset Management LLC purchased a new stake in BILL in the third quarter valued at $7,914,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analysts Set New Price Targets

BILL has been the subject of a number of research analyst reports. Mizuho lowered their price target on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. Wells Fargo & Company lowered their target price on shares of BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Robert W. Baird boosted their price target on shares of BILL from $62.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. 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. Finally, BMO Capital Markets cut their target price on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research report on Monday, August 26th. One 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $75.78.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alison Wagonfeld sold 519 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of the transaction, the director now directly owns 1,038 shares in the company, valued at $59,685. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,823 shares of company stock worth $218,887. Corporate insiders own 4.20% of the company’s stock.

BILL Trading Up 0.5 %

NYSE BILL opened at $90.22 on Monday. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $94.28. The firm has a 50 day moving average of $66.13 and a two-hundred day moving average of $56.61. The stock has a market capitalization of $9.34 billion, a PE ratio of -273.39 and a beta of 1.59. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

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.