Dynamic Technology Lab Private Ltd Buys New Shares in BILL Holdings, Inc. (NYSE:BILL)

Dynamic Technology Lab Private Ltd purchased a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,534 shares of the company’s stock, valued at approximately $820,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after acquiring an additional 282 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of BILL during the 2nd quarter worth approximately $46,000. Venturi Wealth Management LLC raised its stake in shares of BILL by 377.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares in the last quarter. Covestor Ltd raised its stake in shares of BILL by 15.1% during the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock worth $100,000 after purchasing an additional 249 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of BILL by 1,167.5% in the 3rd quarter. Blue Trust Inc. now owns 1,914 shares of the company’s stock valued at $101,000 after buying an additional 1,763 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

Insider Buying and Selling at BILL

In related news, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the sale, the director now owns 259 shares of the company’s stock, valued at $23,310. This represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Rajesh A. Aji sold 2,486 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,058.78. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 6,112 shares of company stock valued at $398,910 in the last quarter. Company insiders own 4.20% of the company’s stock.

BILL Trading Down 3.3 %

BILL stock opened at $89.77 on Thursday. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $94.28. The company has a market capitalization of $9.29 billion, a PE ratio of -272.03 and a beta of 1.59. The company’s 50-day simple moving average is $64.71 and its 200 day simple moving average is $56.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BILL shares. Robert W. Baird boosted their target price on shares of BILL from $62.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Evercore ISI lowered their price objective on shares of BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a research note on Friday, August 23rd. Mizuho cut their target price on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. Piper Sandler boosted their price target on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Oppenheimer upped their price objective on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $75.78.

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.