272 Capital LP Has $2.75 Million Stock Holdings in BILL Holdings, Inc. (NYSE:BILL)

272 Capital LP cut its stake in shares of BILL Holdings, Inc. (NYSE:BILL) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,076 shares of the company’s stock after selling 1,889 shares during the period. BILL makes up about 1.4% of 272 Capital LP’s holdings, making the stock its 28th biggest position. 272 Capital LP owned 0.05% of BILL worth $2,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Covestor Ltd grew its holdings in shares of BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company’s stock valued at $100,000 after buying an additional 249 shares in the last quarter. Advisors Asset Management Inc. grew its stake in BILL by 30.8% in the third quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after purchasing an additional 259 shares in the last quarter. Institute for Wealth Management LLC. grew its stake in BILL by 4.4% in the second quarter. Institute for Wealth Management LLC. now owns 7,670 shares of the company’s stock valued at $404,000 after purchasing an additional 322 shares in the last quarter. HighTower Advisors LLC grew its stake in BILL by 7.1% in the third quarter. HighTower Advisors LLC now owns 7,784 shares of the company’s stock valued at $411,000 after purchasing an additional 513 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in BILL in the third quarter valued at about $28,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BILL. Piper Sandler boosted their target price on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. UBS Group decreased their price target on BILL from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. The Goldman Sachs Group upped their price target on BILL from $77.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. Finally, Susquehanna reiterated a “positive” rating and set a $100.00 price target on shares of BILL in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $82.06.

Insider Activity

In related news, SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the sale, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alison Wagonfeld sold 779 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the sale, the director now directly owns 259 shares in the company, valued at $23,310. The trade was a 75.05 % decrease in their position. 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 in the last 90 days. 4.20% of the stock is owned by company insiders.

BILL Stock Up 0.8 %

Shares of BILL opened at $90.53 on Friday. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of -272.27 and a beta of 1.72. 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 business’s fifty day moving average price is $73.21 and its two-hundred day moving average price is $58.81. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 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.