5 Stocks to Buy According to Brazilian Billionaire Jorge Paulo Lemann’s 3G Capital

3. Bill.com Holdings, Inc. (NYSE: BILL)

Lemann’s Stake Value: $65,029,000
Percentage of Jorge Paulo Lemann’s 13F Portfolio: 16.8%
Number of Hedge Fund Holders: 53

Bill.com Holdings, Inc. (NYSE: BILL) supplies small and medium businesses with cloud-based software that automates back-office financial activities. It was founded in 2006 and is ranked third on the list of 10 stocks to buy according to Brazilian billionaire Jorge Paulo Lemann’s 3G Capital. Bill.com Holdings, Inc. (NYSE: BILL) currently has a $20.47 billion market capitalization and was able to deliver a 110.84% return in the past 12 months.

On August 19, Jefferies analyst Samad Samana upgraded Bill.com Holdings, Inc. (NYSE: BILL) to “Buy” from “Hold” and gave a price target of $250, up from $155. On August 9, Bill.com Holdings, Inc. (NYSE: BILL) was selected by KPMG Spark, a managed accounting solution inside KPMG, to provide automated bill payment services.

Jorge Paulo Lemann’s 3G Capital holds 355,000 shares in Bill.com Holdings, Inc. (NYSE: BILL), worth over $65.03 million. This represents 16.8% of their portfolio. 3G Capital’s stake in Bill.com Holdings, Inc. (NYSE: BILL) increased by 3% in the second quarter of 2021, the latest data reveals. Bill.com Holdings, Inc. (NYSE: BILL) is also getting the attention of the smart money, as 53 hedge funds tracked by Insider Monkey reported owning stakes in the company in the second quarter of 2021, up from 51 funds a quarter earlier.