Atomi Financial Group Inc. Acquires New Shares in BILL Holdings, Inc. (NYSE:BILL)

Atomi Financial Group Inc. acquired a new position in BILL Holdings, Inc. (NYSE:BILL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,245 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds have also recently bought and sold shares of BILL. GAMMA Investing LLC lifted its stake in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after buying an additional 131 shares during the last quarter. Brooklyn Investment Group bought a new position in BILL in the 3rd quarter worth $28,000. UMB Bank n.a. acquired a new position in BILL during the 4th quarter worth $35,000. Advisors Asset Management Inc. boosted its holdings 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 acquiring an additional 259 shares during the period. Finally, 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 valued at $68,000 after acquiring an additional 1,020 shares during the period. 97.99% of the stock is owned by institutional investors and hedge funds.

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 stock was 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 directly owns 5,348 shares of the company’s stock, valued at $417,090.52. This trade represents a 22.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on 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 transaction, the director now owns 259 shares of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

BILL has been the subject of several research analyst reports. KeyCorp raised BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective for the company in a research report on Wednesday, December 18th. Mizuho upped their price target on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Keefe, Bruyette & Woods lowered their price objective on shares of BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Morgan Stanley raised shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Thursday, January 16th. Finally, Oppenheimer increased their price target on shares of BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, BILL currently has an average rating of “Moderate Buy” and an average target price of $85.00.

BILL Price Performance

Shares of BILL stock opened at $93.88 on Monday. The stock’s fifty day simple moving average is $88.35 and its 200 day simple moving average is $66.75. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $97.86. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of -284.48, a P/E/G ratio of 89.33 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

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.