5 Best Stocks to Buy According to Brazilian Billionaire Jorge Paulo Lemann

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

Lemann’s Stake Value: $50,198,000
Percentage of Jorge Paulo Lemann’s 13F Portfolio: 18.63%
Number of Hedge Fund Holders: 51

Bill.com Holdings, Inc. (NYSE: BILL) is a major supplier of cloud-based software that simplifies financial operations for small and medium-sized businesses. It was incorporated in 2006 and is placed third on the list of 10 best stocks to buy according to Brazilian billionaire Jorge Paulo Lemann. Bill shares have offered 152.84% in returns to investors over the course of the past 12 months.

On July 19, Bill.com Holdings, Inc. (NYSE: BILL) acquired Invoice2go for about $625 million. Invoice2go is a leading, mobile-first accounts receivable software supplier and enables small companies and freelancers to enhance their client portfolio, manage accounts, build their brand, and much more. On July 14, Canaccord Genuity analyst Joseph Vafi rated the stock as “Buy,” raising the price target to $223, up from $150. 

Jorge Paulo Lemann’s hedge fund increased its stake in Bill.com Holdings, Inc. (NYSE: BILL) by 147% in the first quarter, ending the period with $50.20 million worth of the company’s shares. Tybourne Capital Management is the biggest stakeholder in the company, with 836,716 shares worth $153.27 million.