Point72 DIFC Ltd Sells 14,575 Shares of BILL Holdings, Inc. (NYSE:BILL)

Point72 DIFC Ltd lessened its position in BILL Holdings, Inc. (NYSE:BILL) by 50.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,149 shares of the company’s stock after selling 14,575 shares during the quarter. Point72 DIFC Ltd’s holdings in BILL were worth $746,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Abdiel Capital Advisors LP increased its position 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 valued at $270,191,000 after acquiring an additional 1,666,316 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 buying an additional 279,256 shares during the last quarter. Marshall Wace LLP grew its stake in shares of BILL by 13.9% in the second quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock valued at $33,463,000 after buying an additional 77,508 shares in the last quarter. Finally, Railway Pension Investments Ltd increased its holdings in BILL by 51.1% during the second quarter. Railway Pension Investments Ltd now owns 549,946 shares of the company’s stock worth $28,938,000 after buying an additional 185,900 shares during the last quarter. 97.99% of the stock is owned by institutional investors.

BILL Trading Up 3.3 %

Shares of BILL stock opened at $95.61 on Friday. 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 firm has a 50-day moving average of $69.24 and a 200-day moving average of $57.54. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $97.21. The stock has a market cap of $9.90 billion, a PE ratio of -289.73 and a beta of 1.72.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 519 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now owns 1,038 shares in the company, valued at $59,685. This trade represents a 33.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Germaine Cota sold 1,525 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,823 shares of company stock worth $218,887 in the last quarter. 4.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of BILL from $77.00 to $96.00 and gave the company a “neutral” rating in a research note on Monday. Robert W. Baird lifted their price target on BILL from $74.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group dropped their price objective on BILL from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Piper Sandler lifted their target price on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets decreased their target price on BILL from $75.00 to $57.00 and set a “market perform” rating on the stock in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, BILL presently has a consensus rating of “Hold” and an average price target of $78.28.

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.