Fred Alger Management LLC Has $1.57 Million Position in BILL Holdings, Inc. (NYSE:BILL)

Fred Alger Management LLC decreased its holdings in shares of BILL Holdings, Inc. (NYSE:BILL) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,728 shares of the company’s stock after selling 430 shares during the period. Fred Alger Management LLC’s holdings in BILL were worth $1,568,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BILL. Aigen Investment Management LP boosted its position in shares of BILL by 612.3% during the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after buying an additional 47,761 shares during the last quarter. WoodTrust Financial Corp bought a new position in BILL during the 3rd quarter valued at $422,000. WCM Investment Management LLC boosted its holdings in BILL by 26.4% during the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock worth $15,647,000 after acquiring an additional 61,471 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of BILL in the 3rd quarter worth $820,000. Finally, Algert Global LLC raised its holdings in shares of BILL by 602.3% in the second quarter. Algert Global LLC now owns 61,518 shares of the company’s stock valued at $3,237,000 after purchasing an additional 52,758 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BILL has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on shares of BILL from $62.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Susquehanna reiterated a “positive” rating and set a $100.00 target price on shares of BILL in a research note on Monday, August 19th. Evercore ISI cut their price target on shares of BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a report on Friday, August 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of BILL in a research note on Friday, August 23rd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $75.78.

BILL Stock Performance

BILL stock opened at $90.22 on Monday. The firm’s 50 day simple moving average is $66.13 and its 200 day simple moving average is $56.61. The firm has a market capitalization of $9.34 billion, a PE ratio of -273.39 and a beta of 1.59. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $94.28.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the sale, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the transaction, the director now 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,823 shares of company stock worth $218,887. Corporate insiders own 4.20% of the company’s stock.

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.