Assenagon Asset Management S.A. Has $12.35 Million Holdings in BILL Holdings, Inc. (NYSE:BILL)

Assenagon Asset Management S.A. lessened its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 61.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,757 shares of the company's stock after selling 234,883 shares during the period. Assenagon Asset Management S.A. owned approximately 0.14% of BILL worth $12,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abdiel Capital Advisors LP grew its position in BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company's stock valued at $270,191,000 after acquiring an additional 1,666,316 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of BILL by 70.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company's stock worth $73,049,000 after acquiring an additional 575,084 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company's stock worth $47,264,000 after acquiring an additional 279,256 shares during the last quarter. Two Sigma Advisers LP increased its holdings in BILL by 87.0% during the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company's stock valued at $36,447,000 after purchasing an additional 321,400 shares in the last quarter. Finally, Marshall Wace LLP raised its position in BILL by 13.9% in the 2nd quarter. Marshall Wace LLP now owns 635,937 shares of the company's stock valued at $33,463,000 after purchasing an additional 77,508 shares during the last quarter. Institutional investors own 97.99% of the company's stock.

Insider Activity at BILL

In other news, SVP Germaine Cota sold 1,525 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value 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 approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alison Wagonfeld sold 519 shares of the company's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the completion of 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. In the last ninety days, insiders sold 2,823 shares of company stock worth $218,887. Insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BILL. 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. Wells Fargo & Company boosted their target price on BILL from $55.00 to $65.00 and gave the stock an "underweight" rating in a research report on Thursday. Keefe, Bruyette & Woods dropped their price target on shares of BILL from $100.00 to $95.00 and set a "market perform" rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group upgraded BILL from a "neutral" rating to a "buy" rating and raised their target price for the stock from $96.00 to $104.00 in a report on Thursday, January 9th. Finally, KeyCorp raised shares of BILL from a "sector weight" rating to an "overweight" rating and set a $115.00 target price for the company in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, BILL has an average rating of "Moderate Buy" and a consensus target price of $85.00.

BILL Stock Up 0.8 %

BILL stock traded up $0.74 during mid-day trading on Friday, reaching $88.98. The company had a trading volume of 1,783,539 shares, compared to its average volume of 2,587,056. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of -269.63, a PEG ratio of 83.30 and a beta of 1.72. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $97.86. The stock has a 50 day simple moving average of $87.92 and a two-hundred day simple moving average of $65.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

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.