Twenty Acre Capital LP Acquires Shares of 61,000 BILL Holdings, Inc. (NYSE:BILL)

Twenty Acre Capital LP bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL) in the third quarter, HoldingsChannel reports. The firm bought 61,000 shares of the company’s stock, valued at approximately $3,218,000. BILL comprises about 2.8% of Twenty Acre Capital LP’s investment portfolio, making the stock its 17th largest position.

Several other institutional investors also recently bought and sold shares of the stock. Aigen Investment Management LP increased its holdings in shares of BILL by 612.3% in the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock worth $2,931,000 after purchasing an additional 47,761 shares during the last quarter. WoodTrust Financial Corp bought a new position in shares of BILL during the 3rd quarter valued at approximately $422,000. WCM Investment Management LLC boosted its position in shares of BILL by 26.4% during the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after acquiring an additional 61,471 shares during the last quarter. Algert Global LLC raised its stake in BILL by 602.3% during the second quarter. Algert Global LLC now owns 61,518 shares of the company’s stock valued at $3,237,000 after purchasing an additional 52,758 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of BILL in the 3rd quarter worth $820,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

BILL Stock Performance

Shares of BILL stock opened at $90.25 on Friday. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of -273.48 and a beta of 1.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The business has a 50-day moving average of $66.13 and a 200 day moving average of $56.65. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $94.28.

Analysts Set New Price Targets

A number of brokerages recently commented on BILL. JPMorgan Chase & Co. lowered their price target 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. Keefe, Bruyette & Woods dropped their target price on BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, August 23rd. Oppenheimer increased their price target on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Mizuho dropped their price objective on shares of BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. Finally, BNP Paribas raised shares of BILL from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Thursday, September 12th. One equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $75.78.

Insider Activity at BILL

In related news, Director Alison Wagonfeld sold 519 shares of BILL stock in a transaction 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,823 shares of company stock worth $218,887. Corporate insiders own 4.20% of the company’s stock.

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.