Nuveen LLC bought a new stake in BILL Holdings, Inc. (NYSE:BILL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 94,502 shares of the company's stock, valued at approximately $4,275,000. Nuveen LLC owned 0.09% of BILL as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of BILL in the 4th quarter valued at approximately $30,000. Fifth Third Bancorp lifted its stake in shares of BILL by 134.1% in the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock valued at $34,000 after purchasing an additional 429 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of BILL by 2,189.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock valued at $48,000 after purchasing an additional 1,007 shares during the period. GAMMA Investing LLC lifted its stake in shares of BILL by 303.9% in the 1st quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock valued at $57,000 after purchasing an additional 930 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in BILL by 145.6% during the first quarter. Asset Management One Co. Ltd. now owns 2,203 shares of the company's stock valued at $101,000 after buying an additional 1,306 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company's stock.
Insiders Place Their Bets
In other news, insider Rajesh A. Aji sold 1,780 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the transaction, the insider directly owned 9,298 shares of the company's stock, valued at $420,734.50. This represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Germaine Cota sold 1,718 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $42.55, for a total value of $73,100.90. Following the transaction, the senior vice president directly owned 9,512 shares in the company, valued at approximately $404,735.60. The trade was a 15.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company's stock.
BILL Trading Down 0.9%
Shares of NYSE:BILL opened at $40.70 on Wednesday. The company has a market cap of $4.19 billion, a P/E ratio of -339.17, a PEG ratio of 9.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19. The stock's fifty day moving average price is $44.04 and its 200-day moving average price is $45.95.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Robert W. Baird lowered their price objective on BILL from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Mizuho lowered their price objective on BILL from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, May 12th. Oppenheimer lifted their price objective on BILL from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Wells Fargo & Company lowered their price objective on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a research note on Friday, May 9th. Finally, Truist Financial lifted their price objective on BILL from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.61.
Get Our Latest Research Report on BILL
BILL Company Profile
(
Free Report)
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.
Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider BILL, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BILL wasn't on the list.
While BILL currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.