Healthcare of Ontario Pension Plan Trust Fund Acquires New Position in BILL Holdings, Inc. (NYSE:BILL)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,300 shares of the company's stock, valued at approximately $1,388,000.

Several other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in BILL during the third quarter valued at $28,000. Versant Capital Management Inc purchased a new position in BILL during the 2nd quarter valued at about $46,000. Advisors Asset Management Inc. boosted its stake in BILL by 30.8% during the third 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 increased its stake in shares of BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company's stock valued at $68,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Covestor Ltd raised its stake in BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company's stock valued at $100,000 after buying an additional 249 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BILL

In related news, SVP Germaine Cota sold 1,525 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total transaction 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 represents a 22.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alison Wagonfeld sold 519 shares of the company's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.50, for a total value of $29,842.50. Following the completion of the sale, the director now owns 1,038 shares of the company's stock, 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. Over the last three months, insiders have sold 2,823 shares of company stock valued at $218,887. Company insiders own 4.20% of the company's stock.

BILL Stock Performance

Shares of NYSE:BILL traded down $0.71 during trading on Monday, hitting $89.51. The stock had a trading volume of 1,592,534 shares, compared to its average volume of 1,914,455. The stock has a 50-day simple moving average of $66.13 and a two-hundred day simple moving average of $56.61. The stock has a market capitalization of $9.26 billion, a price-to-earnings 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 12-month low of $43.11 and a 12-month high of $94.28.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of BILL from $80.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, August 20th. Wells Fargo & Company cut their target price on shares of BILL from $60.00 to $45.00 and set an "underweight" rating for the company in a research report on Tuesday, August 20th. Robert W. Baird lifted their price objective on BILL from $62.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Piper Sandler boosted their target price on shares of BILL from $60.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Finally, BMO Capital Markets dropped their target price on BILL from $75.00 to $57.00 and set a "market perform" rating for the company in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $76.83.

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.