Jacobs Levy Equity Management Inc. Sells 40,291 Shares of BILL Holdings, Inc. (NYSE:BILL)

Jacobs Levy Equity Management Inc. lowered its position in BILL Holdings, Inc. (NYSE:BILL) by 55.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,585 shares of the company’s stock after selling 40,291 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in BILL were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of BILL by 826.5% during the second quarter. SG Americas Securities LLC now owns 41,043 shares of the company’s stock valued at $2,160,000 after buying an additional 36,613 shares during the last quarter. Archford Capital Strategies LLC increased its stake in BILL by 24.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 15,515 shares of the company’s stock worth $816,000 after purchasing an additional 3,000 shares during the period. Assenagon Asset Management S.A. increased its stake in BILL by 23.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 95,705 shares of the company’s stock worth $5,036,000 after purchasing an additional 18,121 shares during the period. Lecap Asset Management Ltd. bought a new stake in BILL in the second quarter valued at approximately $2,626,000. Finally, Institute for Wealth Management LLC. boosted its stake in shares of BILL by 4.4% during the second quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after purchasing an additional 322 shares during the period. 97.99% of the stock is currently owned by institutional investors.

Insider Transactions at BILL

In other BILL news, SVP Germaine Cota sold 1,525 shares of the 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. This trade represents a 22.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The stock was 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. The trade was a 75.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,823 shares of company stock valued at $218,887. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

BILL has been the subject of several analyst reports. Mizuho dropped their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. BMO Capital Markets cut their target price on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a research note on Monday, August 26th. Keefe, Bruyette & Woods lowered their price target on BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a research report on Friday, August 23rd. BNP Paribas upgraded BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Thursday, September 12th. Finally, Susquehanna restated a “positive” rating and set a $100.00 target price on shares of BILL in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.28.

BILL Stock Performance

Shares of BILL opened at $97.41 on Monday. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $97.86. 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 cap of $10.08 billion, a P/E ratio of -295.18 and a beta of 1.72. The business’s 50 day moving average price is $70.12 and its 200-day moving average price is $57.83.

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.