GAMMA Investing LLC Increases Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

GAMMA Investing LLC boosted its stake in BILL Holdings, Inc. (NYSE:BILL) by 74.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 306 shares of the company’s stock after acquiring an additional 131 shares during the quarter. GAMMA Investing LLC’s holdings in BILL were worth $26,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BILL. Abdiel Capital Advisors LP increased its position in shares of BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after acquiring an additional 1,666,316 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 purchasing an additional 575,084 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after buying an additional 284,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of BILL by 45.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after buying an additional 279,256 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on BILL shares. KeyCorp raised shares of BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target on the stock in a report on Wednesday, December 18th. Oppenheimer increased their price target on shares of BILL from $70.00 to $83.00 and gave the stock 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 lifted their price target for the stock from $96.00 to $104.00 in a research note on Thursday, January 9th. Keefe, Bruyette & Woods cut their price objective on BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Finally, Susquehanna lifted their target price on BILL from $91.00 to $100.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, BILL currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.95.

Insiders Place Their Bets

In other news, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares in the company, valued at approximately $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares in the company, 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. In the last 90 days, insiders sold 2,823 shares of company stock worth $218,887. Insiders own 4.20% of the company’s stock.

BILL Stock Up 5.7 %

BILL stock opened at $86.98 on Thursday. 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 firm’s 50-day simple moving average is $86.79 and its 200 day simple moving average is $64.73. The stock has a market cap of $9.00 billion, a PE ratio of -263.58 and a beta of 1.72. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $97.86.

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.