92,800 Shares in BILL Holdings, Inc. (NYSE:BILL) Bought by ING Groep NV

ING Groep NV acquired a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 92,800 shares of the company's stock, valued at approximately $4,896,000. ING Groep NV owned 0.09% of BILL as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BILL. Aigen Investment Management LP grew its stake in shares of BILL by 612.3% during the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company's stock worth $2,931,000 after purchasing an additional 47,761 shares during the period. Vanguard Group Inc. grew its position in BILL by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company's stock worth $685,573,000 after buying an additional 94,786 shares during the period. WoodTrust Financial Corp purchased a new position in BILL in the third quarter valued at about $422,000. WCM Investment Management LLC lifted its position in shares of BILL by 26.4% during the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company's stock valued at $15,647,000 after acquiring an additional 61,471 shares during the period. Finally, Algert Global LLC boosted its stake in shares of BILL by 602.3% during the 2nd quarter. Algert Global LLC now owns 61,518 shares of the company's stock worth $3,237,000 after acquiring an additional 52,758 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.

Wall Street Analyst Weigh In

BILL has been the subject of several research reports. BNP Paribas raised BILL from a "neutral" rating to an "outperform" rating and set a $90.00 price target for the company in a research note on Thursday, September 12th. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of BILL in a research report on Friday, August 23rd. The Goldman Sachs Group increased their price target on shares of BILL from $60.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday. Evercore ISI dropped their price objective on shares of BILL from $70.00 to $60.00 and set an "in-line" rating for the company in a research note on Friday, August 23rd. Finally, Piper Sandler upped 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, BILL presently has a consensus rating of "Hold" and an average price target of $74.65.

Insider Activity at BILL

In related news, CFO John R. Rettig acquired 21,124 shares of the firm's stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $49.40 per share, with a total value of $1,043,525.60. Following the acquisition, the chief financial officer now directly owns 80,474 shares in the company, valued at approximately $3,975,415.60. The trade was a 35.59 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alison Wagonfeld sold 779 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the transaction, 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. Over the last 90 days, insiders acquired 68,372 shares of company stock valued at $3,404,826 and sold 6,112 shares valued at $398,910. 4.20% of the stock is currently owned by company insiders.

BILL Stock Down 2.0 %

Shares of NYSE:BILL traded down $1.69 during midday trading on Friday, hitting $84.69. 2,640,911 shares of the company's stock traded hands, compared to its average volume of 1,933,012. BILL Holdings, Inc. has a twelve month low of $43.11 and a twelve month high of $91.19. The company has a market cap of $8.77 billion, a PE ratio of -256.64 and a beta of 1.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.55 and a current ratio of 1.53. The firm's fifty day moving average price is $58.71 and its two-hundred day moving average price is $54.51.

BILL (NYSE:BILL - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. The firm had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. BILL had a return on equity of 1.54% and a net margin of 0.59%. BILL's revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. On average, equities research analysts anticipate that BILL Holdings, Inc. will post -0.57 EPS for the current fiscal year.

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.