BILL Holdings, Inc. (NYSE:BILL) Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC cut its stake in BILL Holdings, Inc. (NYSE:BILL) by 37.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the company’s stock after selling 295 shares during the period. FNY Investment Advisers LLC’s holdings in BILL were worth $42,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BILL. GAMMA Investing LLC raised its position in BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of BILL in the 3rd quarter worth approximately $28,000. Advisors Asset Management Inc. lifted its stake in BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in 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 buying an additional 1,020 shares in the last quarter. Finally, Covestor Ltd grew its position in BILL by 15.1% in the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after buying an additional 249 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

BILL Stock Up 5.7 %

BILL stock opened at $86.98 on Thursday. The firm has a market cap of $9.00 billion, a PE ratio of -263.58 and a beta of 1.72. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $97.86. The company has a fifty day simple moving average of $86.79 and a 200 day simple moving average of $64.73. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

BILL has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Mizuho upped their target price on BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Keefe, Bruyette & Woods dropped their price target on BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Piper Sandler upped their price objective on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, KeyCorp upgraded shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 target price for the company in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.95.

Insider Buying and Selling at BILL

In related news, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alison Wagonfeld sold 779 shares of the business’s 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 transaction, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. This represents a 75.05 % decrease in their position. 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 three months. Corporate insiders own 4.20% of the company’s stock.

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.