BILL Holdings, Inc. (NYSE:BILL) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in BILL Holdings, Inc. (NYSE:BILL) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,090 shares of the company’s stock after acquiring an additional 1,342 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of BILL worth $3,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BILL. Abdiel Capital Advisors LP grew its position in shares of BILL by 46.4% in the 2nd quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock worth $181,793,000 after acquiring an additional 1,095,396 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in BILL by 70.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after purchasing an additional 575,084 shares during the period. Assenagon Asset Management S.A. boosted its holdings in BILL by 297.7% in the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after purchasing an additional 284,935 shares during the period. Charles Schwab Investment Management Inc. increased its stake in BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares during the last quarter. Finally, Clearline Capital LP raised its holdings in shares of BILL by 201.6% during the second quarter. Clearline Capital LP now owns 344,751 shares of the company’s stock worth $18,141,000 after purchasing an additional 230,435 shares during the period. 97.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of the firm’s 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 approximately $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,823 shares of company stock worth $218,887 over the last ninety days. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BILL shares. BMO Capital Markets decreased their price target on shares of BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a report on Monday, August 26th. Mizuho lowered 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. JPMorgan Chase & Co. cut their price target on BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Keefe, Bruyette & Woods lowered their price objective on 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, UBS Group cut their target price on BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $78.28.

BILL Trading Up 2.0 %

Shares of NYSE:BILL opened at $97.41 on Friday. The company has a 50 day moving average of $70.12 and a 200-day moving average of $57.81. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The firm has a market cap of $10.08 billion, a P/E ratio of -295.18 and a beta of 1.72. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $97.86.

BILL Company 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.