Quantbot Technologies LP Reduces Stake in BILL Holdings, Inc. (NYSE:BILL)

Quantbot Technologies LP decreased its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 64.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,206 shares of the company's stock after selling 32,875 shares during the quarter. Quantbot Technologies LP's holdings in BILL were worth $961,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BILL. Versant Capital Management Inc purchased a new stake in shares of BILL in the second quarter valued at approximately $46,000. Advisors Asset Management Inc. increased its holdings in BILL by 30.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company's stock worth $58,000 after acquiring an additional 259 shares in the last quarter. Venturi Wealth Management LLC raised its position in BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company's stock worth $68,000 after acquiring an additional 1,020 shares during the period. Covestor Ltd grew its position in shares of BILL by 15.1% in the third quarter. Covestor Ltd now owns 1,897 shares of the company's stock valued at $100,000 after purchasing an additional 249 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of BILL by 1,167.5% during the third quarter. Blue Trust Inc. now owns 1,914 shares of the company's stock worth $101,000 after purchasing an additional 1,763 shares in the last quarter. 97.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on BILL. JPMorgan Chase & Co. cut their price objective on BILL from $80.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, August 20th. UBS Group dropped their target price on shares of BILL from $85.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Keefe, Bruyette & Woods cut their price objective on shares of BILL from $60.00 to $55.00 and set a "market perform" rating for the company in a report on Friday, August 23rd. BNP Paribas upgraded BILL from a "neutral" rating to an "outperform" rating and set a $90.00 price target for the company in a research report on Thursday, September 12th. Finally, Robert W. Baird boosted their price objective on BILL from $62.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $76.83.

BILL Stock Down 0.3 %

Shares of NYSE:BILL traded down $0.23 during trading hours on Monday, reaching $89.99. The stock had a trading volume of 1,032,109 shares, compared to its average volume of 1,911,823. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of -269.85 and a beta of 1.59. The firm's 50 day moving average is $66.13 and its 200-day moving average is $56.61. 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 quick ratio of 1.53 and a current ratio of 1.53.

Insiders Place Their Bets

In other news, SVP Germaine Cota sold 1,525 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. This trade represents a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alison Wagonfeld sold 519 shares of the company's stock in a transaction on 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 sale, the director now owns 1,038 shares of the company's stock, valued at approximately $59,685. This trade represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,823 shares of company stock valued at $218,887 in the last ninety days. 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.