320 Shares in BILL Holdings, Inc. (NYSE:BILL) Acquired by Fifth Third Bancorp

Fifth Third Bancorp purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 320 shares of the company’s stock, valued at approximately $27,000.

A number of other large investors also recently bought and sold shares of BILL. Abdiel Capital Advisors LP lifted its stake in shares of BILL by 48.2% in the 3rd quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock valued at $270,191,000 after purchasing an additional 1,666,316 shares in the last quarter. Two Sigma Advisers LP lifted its position in BILL by 87.0% during the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after buying an additional 321,400 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of BILL by 297.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after acquiring an additional 284,935 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after acquiring an additional 279,256 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its position in BILL by 204.1% during the 3rd quarter. Invenomic Capital Management LP now owns 287,245 shares of the company’s stock worth $15,155,000 after purchasing an additional 192,776 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Insider Transactions at BILL

In related news, Director Alison Wagonfeld sold 779 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the transaction, the director now owns 259 shares in the company, valued at approximately $23,310. This represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Germaine Cota sold 1,525 shares of BILL 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 of the company’s stock, valued at $417,090.52. This trade represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

BILL Trading Up 0.9 %

BILL stock opened at $96.95 on Monday. The company has a 50 day moving average price of $89.11 and a 200 day moving average price of $68.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $100.19. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of -293.78, a P/E/G ratio of 162.34 and a beta of 1.72.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BILL. The Goldman Sachs Group upgraded BILL from a “neutral” rating to a “buy” rating and upped their price target for the stock from $96.00 to $104.00 in a report on Thursday, January 9th. Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lowered their price target on shares of BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Susquehanna boosted their target price on shares of BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company lifted their price target on BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, BILL presently has an average rating of “Moderate Buy” and an average price target of $85.00.

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.