Dynamic Technology Lab Private Ltd Takes $820,000 Position in BILL Holdings, Inc. (NYSE:BILL)

Dynamic Technology Lab Private Ltd acquired a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 15,534 shares of the company’s stock, valued at approximately $820,000.

Several other large investors have also bought and sold shares of BILL. Abdiel Capital Advisors LP raised its stake 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 increased its position in BILL by 70.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after purchasing an additional 575,084 shares in the last quarter. Assenagon Asset Management S.A. increased its position in BILL by 297.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after purchasing an additional 284,935 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in BILL by 45.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares during the last quarter. Finally, Clearline Capital LP boosted its position in BILL by 201.6% in the second quarter. Clearline Capital LP now owns 344,751 shares of the company’s stock valued at $18,141,000 after buying an additional 230,435 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

BILL Price Performance

Shares of BILL opened at $89.77 on Thursday. The firm has a market cap of $9.29 billion, a PE ratio of -272.03 and a beta of 1.59. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week 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. The business’s 50 day moving average price is $64.71 and its two-hundred day moving average price is $56.20.

Insider Activity

In other news, insider Rajesh A. Aji sold 2,486 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $54.73, for a total value of $136,058.78. Following the completion of the sale, the insider now directly owns 7,812 shares in the company, valued at $427,550.76. This trade represents a 24.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alison Wagonfeld sold 519 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.50, for a total value of $29,842.50. Following the transaction, the director now directly owns 1,038 shares in the company, valued at approximately $59,685. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,112 shares of company stock worth $398,910 in the last quarter. 4.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on BILL. Wolfe Research cut BILL from an “outperform” rating to a “peer perform” rating in a research note on Thursday, August 1st. Piper Sandler lifted their price target on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Susquehanna reaffirmed a “positive” rating and issued a $100.00 price objective on shares of BILL in a research note on Monday, August 19th. JPMorgan Chase & Co. cut their target price on shares of BILL from $80.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. Finally, Mizuho decreased their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.78.

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.