Private Advisor Group LLC Takes $565,000 Position in BILL Holdings, Inc. (NYSE:BILL)

Posted by Defense World Staff on Sep 2nd, 2023

Private Advisor Group LLC purchased a new stake in shares of BILL Holdings, Inc. (NYSE:BILL – Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,961 shares of the company’s stock, valued at approximately $565,000.

A number of other hedge funds have also recently made changes to their positions in BILL. Utah Retirement Systems grew its position in BILL by 0.6% in the fourth quarter. Utah Retirement Systems now owns 17,610 shares of the company’s stock worth $1,919,000 after acquiring an additional 100 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its position in BILL by 2.6% in the first quarter. Vestmark Advisory Solutions Inc. now owns 4,987 shares of the company’s stock worth $405,000 after acquiring an additional 127 shares in the last quarter. Toroso Investments LLC grew its position in BILL by 15.3% in the first quarter. Toroso Investments LLC now owns 1,049 shares of the company’s stock worth $238,000 after acquiring an additional 139 shares in the last quarter. Pictet Asset Management SA grew its position in BILL by 0.5% in the first quarter. Pictet Asset Management SA now owns 32,007 shares of the company’s stock worth $2,597,000 after acquiring an additional 145 shares in the last quarter. Finally, Procyon Advisors LLC grew its position in BILL by 4.0% in the first quarter. Procyon Advisors LLC now owns 3,834 shares of the company’s stock worth $311,000 after acquiring an additional 146 shares in the last quarter.

Insider Activity

In other news, CEO Rene A. Lacerte sold 32,649 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $114.62, for a total transaction of $3,742,228.38. Following the sale, the chief executive officer now owns 86,902 shares in the company, valued at $9,960,707.24. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Rene A. Lacerte sold 32,649 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $114.62, for a total transaction of $3,742,228.38. Following the sale, the chief executive officer now owns 86,902 shares in the company, valued at $9,960,707.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Germaine Cota sold 890 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $108.94, for a total transaction of $96,956.60. Following the sale, the senior vice president now owns 3,647 shares in the company, valued at approximately $397,304.18. The disclosure for this sale can be found here. Insiders have sold a total of 68,896 shares of company stock worth $7,741,936 over the last 90 days. 5.00% of the stock is currently owned by insiders.

BILL Trading Up 1.0 %

NYSE:BILL opened at $116.46 on Friday. The company’s 50 day moving average price is $116.02 and its 200-day moving average price is $98.57. BILL Holdings, Inc. has a 52 week low of $68.30 and a 52 week high of $175.54. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.45. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of -54.93 and a beta of 1.93.

Analyst Upgrades and Downgrades

BILL has been the subject of several analyst reports. 22nd Century Group restated a “maintains” rating on shares of BILL in a research report on Thursday, June 29th. Morgan Stanley lowered shares of BILL from an “overweight” rating to an “equal weight” rating and set a $105.00 price target for the company. in a research report on Monday, June 12th. Susquehanna upped their price target on shares of BILL from $115.00 to $160.00 and gave the company a “positive” rating in a research report on Tuesday, July 18th. UBS Group cut their price target on shares of BILL from $138.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, August 18th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $175.00 price target on shares of BILL in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BILL currently has a consensus rating of “Moderate Buy” and an average target price of $134.83.

View Our Latest Stock Report on BILL

BILL Company Profile

(Free Report)

BILL Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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.