Kapitalo Investimentos Ltda Buys New Stake in BILL Holdings, Inc. (NYSE:BILL)

Kapitalo Investimentos Ltda bought a new position in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,333 shares of the company’s stock, valued at approximately $761,000.

Several other institutional investors have also recently made changes to their positions in BILL. Vanguard Group Inc. lifted its holdings in BILL by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 9,881,532 shares of the company’s stock valued at $806,234,000 after buying an additional 162,428 shares in the last quarter. Lone Pine Capital LLC boosted its stake in BILL by 39.7% in the 3rd quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock worth $276,494,000 after purchasing an additional 723,151 shares in the last quarter. Coatue Management LLC acquired a new stake in BILL in the 4th quarter worth approximately $163,218,000. Abdiel Capital Advisors LP boosted its stake in BILL by 16.6% in the 4th quarter. Abdiel Capital Advisors LP now owns 1,711,392 shares of the company’s stock worth $139,632,000 after purchasing an additional 243,788 shares in the last quarter. Finally, Norges Bank acquired a new stake in BILL during the 4th quarter valued at approximately $95,702,000. Institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of research reports. Wells Fargo & Company reaffirmed an “underweight” rating and set a $60.00 target price (down previously from $70.00) on shares of BILL in a report on Monday, April 1st. BMO Capital Markets lowered their price objective on shares of BILL from $82.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. Jefferies Financial Group lowered their target price on BILL from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Mizuho lowered their price objective on BILL from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Finally, BNP Paribas raised BILL from an “underperform” rating to a “neutral” rating and set a $72.00 target price for the company in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.21.

Insider Buying and Selling

In related news, SVP Germaine Cota sold 642 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $51.59, for a total value of $33,120.78. Following the transaction, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at approximately $312,480.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other BILL news, SVP Germaine Cota sold 642 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $51.59, for a total value of $33,120.78. Following the transaction, the senior vice president now directly owns 6,057 shares of the company’s stock, valued at $312,480.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajesh A. Aji sold 2,616 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.60, for a total value of $134,985.60. Following the sale, the insider now owns 9,126 shares of the company’s stock, valued at $470,901.60. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

BILL Stock Performance

Shares of BILL stock traded down $1.10 during trading hours on Tuesday, reaching $47.53. 134,715 shares of the company’s stock were exchanged, compared to its average volume of 2,084,751. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $56.92 and a 200-day moving average of $66.11. BILL Holdings, Inc. has a 52-week low of $47.33 and a 52-week high of $139.50.

BILL (NYSE:BILL) last issued its earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.17. The business had revenue of $323.03 million for the quarter, compared to analyst estimates of $305.23 million. BILL had a positive return on equity of 0.98% and a negative net margin of 4.21%. Equities analysts expect that BILL Holdings, Inc. will post -0.16 earnings per share for the current year.

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.