Bridgewater Associates LP Purchases 106,576 Shares of BILL Holdings, Inc. (NYSE:BILL)

Bridgewater Associates LP boosted its holdings in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 504.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,721 shares of the company's stock after buying an additional 106,576 shares during the quarter. Bridgewater Associates LP owned approximately 0.12% of BILL worth $6,739,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company's stock worth $45,000 after acquiring an additional 282 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of BILL by 4.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,749 shares of the company's stock worth $449,000 after purchasing an additional 257 shares during the period. Versant Capital Management Inc bought a new stake in shares of BILL in the 2nd quarter valued at $46,000. SG Americas Securities LLC increased its position in shares of BILL by 826.5% during the second quarter. SG Americas Securities LLC now owns 41,043 shares of the company's stock worth $2,160,000 after buying an additional 36,613 shares during the period. Finally, Archford Capital Strategies LLC increased its position in shares of BILL by 24.0% during the second quarter. Archford Capital Strategies LLC now owns 15,515 shares of the company's stock worth $816,000 after buying an additional 3,000 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BILL. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of BILL in a research report on Friday, August 23rd. UBS Group decreased their target price on BILL from $85.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Susquehanna reiterated a "positive" rating and issued a $100.00 target price on shares of BILL in a report on Monday, August 19th. BMO Capital Markets cut their price target on BILL from $75.00 to $57.00 and set a "market perform" rating on the stock in a report on Monday, August 26th. Finally, Evercore ISI lowered 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.78.

BILL Stock Up 0.5 %

NYSE BILL traded up $0.45 on Friday, reaching $90.22. The company had a trading volume of 882,897 shares, compared to its average volume of 1,915,849. 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's fifty day moving average is $66.13 and its 200 day moving average is $56.65. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $94.28. The stock has a market capitalization of $9.34 billion, a P/E ratio of -273.39 and a beta of 1.59.

Insider Transactions at BILL

In other news, Director Alison Wagonfeld sold 779 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares of the company's stock, valued at $23,310. This represents a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of BILL 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 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 sold a total of 2,823 shares of company stock worth $218,887 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

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.