Fifth Third Wealth Advisors LLC Purchases New Stake in BILL Holdings, Inc. (NYSE:BILL)

Fifth Third Wealth Advisors LLC acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,824 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of BILL by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the period. Brooklyn Investment Group acquired a new stake in BILL during the third quarter worth about $28,000. Advisors Asset Management Inc. raised its stake in BILL by 30.8% during the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock worth $58,000 after purchasing an additional 259 shares during the period. Venturi Wealth Management LLC boosted its holdings in BILL by 377.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of BILL by 15.1% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after buying an additional 249 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

Insider Activity at BILL

In other BILL news, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, 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. Insiders have sold a total of 2,823 shares of company stock valued at $218,887 over the last 90 days. 4.20% of the stock is owned by corporate insiders.

BILL Price Performance

BILL stock opened at $88.98 on Friday. The business’s 50-day moving average is $87.68 and its two-hundred day moving average is $65.05. 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 firm has a market capitalization of $9.21 billion, a P/E ratio of -269.63, a P/E/G ratio of 83.30 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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BILL shares. Wells Fargo & Company lifted their price target on shares of BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday. Oppenheimer lifted their target price on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group upgraded BILL from a “neutral” rating to a “buy” rating and increased their price target for the stock from $96.00 to $104.00 in a report on Thursday, January 9th. Robert W. Baird boosted their price objective on shares of BILL from $74.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Susquehanna increased their target price on shares of BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.00.

About BILL

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.