Algert Global LLC Has $3.63 Million Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Algert Global LLC increased its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,818 shares of the company's stock after acquiring an additional 7,300 shares during the quarter. Algert Global LLC owned approximately 0.07% of BILL worth $3,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BILL. Telemark Asset Management LLC purchased a new stake in BILL during the 3rd quarter valued at about $7,914,000. Charles Schwab Investment Management Inc. grew its stake in shares of BILL by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company's stock valued at $47,264,000 after buying an additional 279,256 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company's stock worth $58,000 after buying an additional 259 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in BILL by 531.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 152,282 shares of the company's stock valued at $8,034,000 after purchasing an additional 128,148 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in BILL during the 3rd quarter worth approximately $2,428,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Down 1.0 %

BILL traded down $0.91 on Tuesday, reaching $92.85. The company's stock had a trading volume of 1,384,212 shares, compared to its average volume of 1,923,020. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of -281.09 and a beta of 1.59. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $94.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The business's 50 day moving average is $63.10 and its 200 day moving average is $55.70.

Insider Buying and Selling

In other news, Director Alison Wagonfeld sold 519 shares of BILL 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 transaction, the director now directly owns 1,038 shares in the company, valued at approximately $59,685. This trade represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Germaine Cota sold 803 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $54.75, for a total value of $43,964.25. Following the sale, the senior vice president now owns 6,861 shares of the company's stock, valued at $375,639.75. This trade represents a 10.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,112 shares of company stock valued at $398,910. Insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BILL shares. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of BILL in a research note on Friday, August 23rd. JPMorgan Chase & Co. dropped their price objective on shares of BILL from $80.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, August 20th. Mizuho cut their price target on BILL from $60.00 to $52.00 and set a "neutral" rating for the company in a report on Wednesday, August 28th. Robert W. Baird upped their target price on BILL from $62.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Finally, Evercore ISI dropped their target price on BILL from $70.00 to $60.00 and set an "in-line" rating for the company in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.78.

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.