Citigroup Inc. Has $3.63 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Citigroup Inc. trimmed its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 99.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,772 shares of the company’s stock after selling 10,668,679 shares during the quarter. Citigroup Inc. owned 0.07% of BILL worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after purchasing an additional 259 shares during the last quarter. Venturi Wealth Management LLC raised its position in BILL by 377.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter. Covestor Ltd raised its position in BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after purchasing an additional 249 shares during the last quarter. Blue Trust Inc. raised its position in BILL by 1,167.5% in the 3rd quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock worth $101,000 after purchasing an additional 1,763 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in BILL by 113.3% during the 2nd quarter. Federated Hermes Inc. now owns 3,108 shares of the company’s stock worth $164,000 after acquiring an additional 1,651 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,823 shares of company stock valued at $218,887 over the last quarter. Insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, August 20th. Susquehanna reaffirmed a “positive” rating and issued a $100.00 target price on shares of BILL in a research note on Monday, August 19th. Keefe, Bruyette & Woods reduced their target price 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of BILL in a research note on Friday, August 23rd. One equities 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $78.28.

BILL Price Performance

BILL stock opened at $92.56 on Thursday. The company has a fifty day moving average price of $68.39 and a 200-day moving average price of $57.28. The company has a market capitalization of $9.58 billion, a P/E ratio of -280.48 and a beta of 1.72. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $94.28. 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 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.