BILL Holdings, Inc. (NYSE:BILL) Stock Position Lifted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its stake in BILL Holdings, Inc. (NYSE:BILL) by 29.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,705 shares of the company’s stock after buying an additional 4,248 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in BILL were worth $1,543,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BILL. GAMMA Investing LLC increased its stake in shares of BILL by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the last quarter. Fifth Third Bancorp purchased a new position in BILL in the fourth quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in BILL in the 3rd quarter worth about $28,000. UMB Bank n.a. purchased a new stake in shares of BILL during the 4th quarter worth about $35,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of BILL by 30.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,101 shares of the company’s stock valued at $58,000 after buying an additional 259 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BILL shares. The Goldman Sachs Group upgraded BILL from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $96.00 to $104.00 in a report on Thursday, January 9th. Mizuho increased their price target on shares of BILL from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Keefe, Bruyette & Woods reduced their price objective on shares of BILL from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on shares of BILL from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Finally, Piper Sandler raised their target price on BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.00.

BILL Stock Performance

NYSE BILL opened at $96.95 on Friday. The company’s fifty day moving average is $89.11 and its two-hundred day moving average is $68.18. BILL Holdings, Inc. has a 52-week low of $43.11 and a 52-week high of $100.19. 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 firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of -293.78, a P/E/G ratio of 162.34 and a beta of 1.72.

Insider Buying and Selling

In other news, SVP Germaine Cota sold 1,525 shares of the 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 completion of the transaction, the senior vice president now owns 5,348 shares in the company, valued at approximately $417,090.52. This represents a 22.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total transaction of $70,110.00. Following 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. 4.20% of the stock is owned by company insiders.

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.