Y Intercept Hong Kong Ltd Boosts Stock Position in BILL Holdings, Inc. (NYSE:BILL)

Y Intercept Hong Kong Ltd raised its holdings in BILL Holdings, Inc. (NYSE:BILL) by 62.1% during the third quarter, HoldingsChannel.com reports. The firm owned 16,587 shares of the company’s stock after buying an additional 6,355 shares during the period. Y Intercept Hong Kong Ltd’s holdings in BILL were worth $875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abdiel Capital Advisors LP increased its stake in shares of BILL by 48.2% in the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after buying an additional 1,666,316 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BILL by 70.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after buying an additional 575,084 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of BILL by 87.0% in the third quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock worth $36,447,000 after buying an additional 321,400 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of BILL by 297.7% in the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock worth $20,083,000 after buying an additional 284,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of BILL by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after buying an additional 279,256 shares during the last quarter. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Stock Performance

BILL stock opened at $89.85 on Friday. The company has a market capitalization of $9.30 billion, a P/E ratio of -272.27 and a beta of 1.72. The company has a 50-day simple moving average of $73.21 and a 200 day simple moving average of $58.81. BILL Holdings, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $97.86. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of BILL from $58.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price objective on shares of BILL from $75.00 to $100.00 and gave the stock a “market perform” rating in a report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $100.00 price objective on shares of BILL in a report on Friday, August 23rd. Susquehanna reaffirmed a “positive” rating and issued a $100.00 price objective on shares of BILL in a report on Monday, August 19th. Finally, BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Thursday, September 12th. One research 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. Based on data from MarketBeat, BILL has a consensus rating of “Hold” and an average price target of $80.78.

Insider Buying and Selling

In other BILL news, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $77.99, for a total value of $118,934.75. Following the sale, the senior vice president now directly owns 5,348 shares in the company, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was 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 owns 259 shares in the company, valued at approximately $23,310. This trade represents a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,823 shares of company stock valued at $218,887 over the last 90 days. 4.20% of the stock is currently owned by company insiders.

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.