Charles Schwab Investment Management Inc. Acquires 279,256 Shares of BILL Holdings, Inc. (NYSE:BILL)

Charles Schwab Investment Management Inc. raised its stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 45.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 895,833 shares of the company's stock after buying an additional 279,256 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.87% of BILL worth $47,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BILL. Abdiel Capital Advisors LP raised its position in BILL by 46.4% during the second quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company's stock worth $181,793,000 after acquiring an additional 1,095,396 shares in the last quarter. Dimensional Fund Advisors LP raised its position in BILL by 70.7% during the second 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. Marshall Wace LLP raised its position in BILL by 13.9% during the second quarter. Marshall Wace LLP now owns 635,937 shares of the company's stock worth $33,463,000 after acquiring an additional 77,508 shares in the last quarter. Railway Pension Investments Ltd raised its position in BILL by 51.1% during the second quarter. Railway Pension Investments Ltd now owns 549,946 shares of the company's stock worth $28,938,000 after acquiring an additional 185,900 shares in the last quarter. Finally, Armistice Capital LLC raised its position in BILL by 43.7% during the second quarter. Armistice Capital LLC now owns 479,964 shares of the company's stock worth $25,256,000 after acquiring an additional 145,901 shares in the last quarter. Institutional investors own 97.99% of the company's stock.

Insider Transactions at BILL

In related news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction on 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. This trade represents a 22.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following the completion of the sale, the director now directly owns 259 shares of the company's stock, valued at approximately $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 sold 2,823 shares of company stock valued at $218,887. 4.20% of the stock is currently owned by insiders.

BILL Price Performance

Shares of BILL stock traded down $0.71 on Monday, reaching $89.51. The company had a trading volume of 1,592,534 shares, compared to its average volume of 1,914,455. The stock has a market capitalization of $9.26 billion, a PE ratio of -271.27 and a beta of 1.59. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23. BILL Holdings, Inc. has a one year low of $43.11 and a one year high of $94.28. The business's 50-day moving average is $66.13 and its 200 day moving average is $56.61.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BILL. BMO Capital Markets dropped their price target on shares of BILL from $75.00 to $57.00 and set a "market perform" rating on the stock in a research report on Monday, August 26th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of BILL in a report on Friday, August 23rd. JPMorgan Chase & Co. decreased their price objective on shares of BILL from $80.00 to $60.00 and set an "overweight" rating on the stock in a report on Tuesday, August 20th. Susquehanna reiterated a "positive" rating and issued a $100.00 price objective on shares of BILL in a report on Monday, August 19th. Finally, Piper Sandler upped their price objective on shares of BILL from $60.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $76.83.

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.