BILL Holdings, Inc. (NYSE:BILL) Stock Position Reduced by 272 Capital LP

272 Capital LP lessened its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 65.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,566 shares of the company's stock after selling 35,399 shares during the quarter. 272 Capital LP's holdings in BILL were worth $980,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Twenty Acre Capital LP acquired a new position in shares of BILL in the 3rd quarter valued at about $3,218,000. PDT Partners LLC lifted its holdings in BILL by 63.3% in the third quarter. PDT Partners LLC now owns 59,264 shares of the company's stock worth $3,127,000 after acquiring an additional 22,964 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in BILL in the third quarter worth about $1,388,000. Bridgewater Associates LP grew its holdings in shares of BILL by 504.0% during the third quarter. Bridgewater Associates LP now owns 127,721 shares of the company's stock valued at $6,739,000 after purchasing an additional 106,576 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of BILL during the third quarter valued at approximately $28,000. Institutional investors own 97.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BILL shares. BMO Capital Markets reduced their price objective on BILL from $75.00 to $57.00 and set a "market perform" rating for the company in a research report on Monday, August 26th. The Goldman Sachs Group boosted their price target on shares of BILL from $60.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. Mizuho dropped their price objective on shares of BILL from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, August 28th. Wells Fargo & Company reduced their target price on shares of BILL from $60.00 to $45.00 and set an "underweight" rating for the company in a research note on Tuesday, August 20th. Finally, Piper Sandler upped their target price on shares of BILL from $60.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $75.78.

BILL Price Performance

BILL stock traded up $0.45 during midday trading on Friday, hitting $90.22. The company's stock had a trading volume of 882,897 shares, compared to its average volume of 2,167,342. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $94.28. 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 company has a market capitalization of $9.34 billion, a PE ratio of -273.39 and a beta of 1.59. The stock's 50-day moving average price is $66.13 and its 200-day moving average price is $56.61.

Insider Transactions at BILL

In other 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 transaction of $29,842.50. Following the completion of the sale, the director now directly owns 1,038 shares of the company's stock, valued at $59,685. This trade represents a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Germaine Cota sold 1,525 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the sale, the senior vice president now directly owns 5,348 shares in the company, valued at $417,090.52. This trade represents a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,823 shares of company stock valued at $218,887 in the last quarter. Insiders own 4.20% of the company's stock.

BILL Company 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.