Assenagon Asset Management S.A. Decreases Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Assenagon Asset Management S.A. lessened its holdings in BILL Holdings, Inc. (NYSE:BILL) by 61.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,757 shares of the company’s stock after selling 234,883 shares during the quarter. Assenagon Asset Management S.A. owned 0.14% of BILL worth $12,347,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Abdiel Capital Advisors LP grew its holdings in shares of BILL by 48.2% during the third 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 last quarter. Dimensional Fund Advisors LP grew its stake in BILL by 70.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock valued at $73,049,000 after purchasing an additional 575,084 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of BILL by 45.3% in 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 period. Two Sigma Advisers LP raised its stake in shares of BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after purchasing an additional 321,400 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of BILL by 13.9% during the second quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock worth $33,463,000 after purchasing an additional 77,508 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BILL shares. Piper Sandler upped their price objective on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods cut their price target on shares of BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Mizuho lifted their target price on shares of BILL from $64.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. KeyCorp upgraded shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target for the company in a research report on Wednesday, December 18th. Finally, Oppenheimer lifted their price objective on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.00.

BILL Price Performance

Shares of BILL stock opened at $88.98 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $9.21 billion, a PE ratio of -269.63, a price-to-earnings-growth ratio of 83.30 and a beta of 1.72. The firm’s 50-day moving average is $87.92 and its two-hundred day moving average is $65.30. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $97.86.

Insider Activity

In other BILL 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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.

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.