BILL Holdings, Inc. (NYSE:BILL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of BILL Holdings, Inc. (NYSE:BILL) by 7.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,387 shares of the company’s stock after selling 560 shares during the period. Principal Financial Group Inc.’s holdings in BILL were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Abdiel Capital Advisors LP raised its holdings in 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 buying an additional 1,666,316 shares during the period. Dimensional Fund Advisors LP increased its position in shares of BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock valued at $73,049,000 after acquiring an additional 575,084 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after acquiring an additional 321,400 shares during the period. Assenagon Asset Management S.A. lifted its holdings 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 worth $20,083,000 after acquiring an additional 284,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 worth $47,264,000 after purchasing an additional 279,256 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BILL. Robert W. Baird boosted their target price on BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group boosted their price objective on BILL from $77.00 to $96.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Piper Sandler raised their target price on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Oppenheimer boosted their price target on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Mizuho raised their price objective on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, BILL currently has a consensus rating of “Hold” and a consensus target price of $83.79.

BILL Trading Up 5.0 %

NYSE BILL opened at $88.24 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $9.13 billion, a P/E ratio of -267.39 and a beta of 1.72. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $97.86. The firm has a 50-day moving average price of $83.24 and a 200 day moving average price of $63.06.

Insider Transactions at BILL

In other BILL news, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the sale, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the transaction, the director now directly owns 1,038 shares of the company’s stock, valued at $59,685. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,823 shares of company stock valued at $218,887. Corporate insiders own 4.20% of the company’s stock.

About BILL

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.