Empowered Funds LLC Acquires New Stake in BILL Holdings, Inc. (NYSE:BILL)

Empowered Funds LLC bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,117 shares of the company’s stock, valued at approximately $270,000.

Several other hedge funds have also recently made changes to their positions in BILL. Advisors Asset Management Inc. raised its position in shares of BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after purchasing an additional 282 shares during the period. Versant Capital Management Inc bought a new stake in BILL during the 2nd quarter valued at $46,000. Venturi Wealth Management LLC lifted its position in shares of BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of BILL by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after acquiring an additional 700 shares during the period. Finally, Covestor Ltd raised its stake in shares of BILL by 15.1% during the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after purchasing an additional 249 shares during the period. 97.99% of the stock is currently owned by institutional investors.

BILL Trading Up 2.4 %

BILL stock opened at $93.72 on Tuesday. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $94.28. The company has a market capitalization of $9.70 billion, a PE ratio of -284.00 and a beta of 1.59. The company’s 50 day moving average price is $63.10 and its two-hundred day moving average price is $55.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BILL. Mizuho reduced their target price on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of BILL in a report on Friday, August 23rd. UBS Group cut their price target on shares of BILL from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $100.00 price target on shares of BILL in a report on Friday, August 23rd. Finally, Susquehanna reissued a “positive” rating and set a $100.00 price objective on shares of BILL in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.65.

Insider Buying and Selling

In other news, insider Rajesh A. Aji sold 2,486 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,058.78. Following the completion of the sale, the insider now owns 7,812 shares of the company’s stock, valued at approximately $427,550.76. This represents a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of 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 a total of 6,112 shares of company stock worth $398,910 in the last 90 days. 4.20% of the stock is owned by company insiders.

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.