Y Intercept Hong Kong Ltd Boosts Holdings in BILL Holdings, Inc. (NYSE:BILL)

Y Intercept Hong Kong Ltd raised its holdings in BILL Holdings, Inc. (NYSE:BILL) by 62.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,587 shares of the company’s stock after acquiring an additional 6,355 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BILL were worth $875,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Pier Capital LLC acquired a new stake in BILL in the third quarter valued at $5,400,000. National Bank of Canada FI acquired a new stake in BILL in the third quarter valued at $1,535,000. Washington Harbour Partners LP acquired a new stake in BILL in the third quarter valued at $533,000. Weiss Asset Management LP lifted its holdings in BILL by 156.0% in the third quarter. Weiss Asset Management LP now owns 158,405 shares of the company’s stock valued at $8,357,000 after acquiring an additional 96,540 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in BILL by 87.0% in the third 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. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on BILL. Morgan Stanley raised their target price on BILL from $58.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, November 26th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. Evercore ISI cut their price target on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, August 23rd. Oppenheimer lifted their price target on BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets cut their price target on BILL from $75.00 to $57.00 and set a “market perform” rating for the company in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, BILL has an average rating of “Hold” and a consensus target price of $80.78.

BILL Price Performance

BILL stock opened at $89.85 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $9.30 billion, a price-to-earnings ratio of -272.27 and a beta of 1.72. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $97.86. The firm has a 50 day moving average price of $73.21 and a 200 day moving average price of $58.81.

Insider Activity

In other BILL news, Director Alison Wagonfeld sold 519 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was 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 owns 1,038 shares of the company’s stock, valued at approximately $59,685. The trade was a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following 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 disclosure for this sale can be found here. Insiders sold 2,823 shares of company stock valued at $218,887 in the last ninety days. Company insiders own 4.20% of the company’s stock.

BILL Company 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.