4,000 Shares in BILL Holdings, Inc. (NYSE:BILL) Acquired by West Tower Group LLC

West Tower Group LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $211,000.

Several other hedge funds also recently made changes to their positions in the business. Abdiel Capital Advisors LP grew its stake in shares of BILL by 46.4% during the 2nd quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock worth $181,793,000 after acquiring an additional 1,095,396 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BILL by 70.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after acquiring an additional 575,084 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after acquiring an additional 279,256 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of BILL by 13.9% in the 2nd quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock valued at $33,463,000 after buying an additional 77,508 shares during the last quarter. Finally, Railway Pension Investments Ltd boosted its holdings in shares of BILL by 51.1% in the 2nd quarter. Railway Pension Investments Ltd now owns 549,946 shares of the company’s stock valued at $28,938,000 after buying an additional 185,900 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

Insider Transactions at BILL

In other BILL news, insider Rajesh A. Aji sold 2,486 shares of BILL stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.73, for a total value of $136,058.78. Following the transaction, the insider now owns 7,812 shares in the company, valued at $427,550.76. The trade was a 24.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated 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 in the company, valued at approximately $23,310. This represents a 75.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,112 shares of company stock valued at $398,910. 4.20% of the stock is currently owned by corporate insiders.

BILL Stock Up 2.4 %

BILL opened at $93.72 on Tuesday. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $94.28. 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 capitalization of $9.70 billion, a P/E ratio of -284.00 and a beta of 1.59. The stock has a fifty day moving average of $63.10 and a 200-day moving average of $55.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Friday, August 23rd. Mizuho cut their price objective on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. BNP Paribas raised BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Thursday, September 12th. Robert W. Baird increased their price objective on BILL from $62.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Piper Sandler increased their price objective on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.65.

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.