Twenty Acre Capital LP Acquires New Holdings in BILL Holdings, Inc. (NYSE:BILL)

Twenty Acre Capital LP bought a new position in BILL Holdings, Inc. (NYSE:BILL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 61,000 shares of the company’s stock, valued at approximately $3,218,000. BILL makes up approximately 2.8% of Twenty Acre Capital LP’s investment portfolio, making the stock its 17th biggest holding. Twenty Acre Capital LP owned about 0.06% of BILL as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in BILL. Aigen Investment Management LP raised its position 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 buying an additional 47,761 shares in the last quarter. WoodTrust Financial Corp bought a new position in shares of BILL in the third quarter worth approximately $422,000. WCM Investment Management LLC raised its stake in BILL by 26.4% in the third quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after purchasing an additional 61,471 shares in the last quarter. Algert Global LLC lifted its position 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 during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BILL in the 3rd quarter worth $820,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BILL

In other BILL news, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 5,348 shares in the company, valued at $417,090.52. This represents a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the sale, the director now owns 1,038 shares in the company, valued at $59,685. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,823 shares of company stock worth $218,887. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of research reports. Mizuho cut their price objective on BILL from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. Piper Sandler increased their target price on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 price target on shares of BILL in a research note on Friday, August 23rd. Susquehanna reaffirmed a “positive” rating and set a $100.00 price objective on shares of BILL in a research note on Monday, August 19th. Finally, Evercore ISI lowered their target price on BILL from $70.00 to $60.00 and set an “in-line” rating for the company in a research note on Friday, August 23rd. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.78.

BILL Price Performance

Shares of NYSE:BILL opened at $90.25 on Friday. The company has a market capitalization of $9.34 billion, a PE ratio of -273.48 and a beta of 1.59. The business has a fifty day moving average price of $66.13 and a 200-day moving average price of $56.65. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $94.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53.

About BILL

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.