BILL Holdings, Inc. (NYSE:BILL) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 74.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 306 shares of the company’s stock after purchasing an additional 131 shares during the period. GAMMA Investing LLC’s holdings in BILL were worth $26,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BILL. Commonwealth Equity Services LLC raised its holdings in BILL by 42.8% during the second quarter. Commonwealth Equity Services LLC now owns 12,839 shares of the company’s stock worth $676,000 after purchasing an additional 3,847 shares during the last quarter. American Century Companies Inc. raised its stake in shares of BILL by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 171,273 shares of the company’s stock worth $9,012,000 after buying an additional 709 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of 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 buying an additional 1,651 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of BILL by 70.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after buying an additional 575,084 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in BILL by 534.1% in the 2nd quarter. Quantbot Technologies LP now owns 51,081 shares of the company’s stock valued at $2,688,000 after acquiring an additional 43,025 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 1,525 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value 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 represents a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now owns 1,038 shares in the company, valued at $59,685. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,823 shares of company stock valued at $218,887. 4.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their target price 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. Mizuho lifted their price objective on BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Susquehanna increased their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. The Goldman Sachs Group raised BILL from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $96.00 to $104.00 in a report on Thursday, January 9th. Finally, KeyCorp raised BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective on the stock in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, BILL has an average rating of “Moderate Buy” and an average target price of $83.95.

BILL Stock Up 5.7 %

Shares of BILL opened at $86.98 on Thursday. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $97.86. The company’s fifty day moving average is $86.79 and its two-hundred day moving average is $64.73. The firm has a market cap of $9.00 billion, a PE ratio of -263.58 and a beta of 1.72. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

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.