XTX Topco Ltd Sells 4,917 Shares of Sezzle Inc. (NASDAQ:SEZL)

XTX Topco Ltd reduced its stake in Sezzle Inc. (NASDAQ:SEZL) by 79.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,254 shares of the company’s stock after selling 4,917 shares during the quarter. XTX Topco Ltd’s holdings in Sezzle were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Sezzle by 191.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock valued at $3,474,000 after buying an additional 13,383 shares during the last quarter. Navellier & Associates Inc. bought a new position in shares of Sezzle during the third quarter valued at $1,217,000. Bank of New York Mellon Corp purchased a new position in shares of Sezzle in the 2nd quarter worth about $611,000. Divisadero Street Capital Management LP purchased a new stake in Sezzle during the 2nd quarter valued at about $356,000. Finally, Principal Financial Group Inc. purchased a new stake in Sezzle during the 3rd quarter valued at about $548,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

Analyst Ratings Changes

SEZL has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and issued a $372.00 target price (up from $353.00) on shares of Sezzle in a report on Thursday. Northland Securities upped their price objective on Sezzle from $300.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday.

Sezzle Price Performance

Shares of NASDAQ:SEZL opened at $243.32 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 25.89 and a beta of 9.23. The business has a 50-day simple moving average of $308.89 and a two-hundred day simple moving average of $180.86. Sezzle Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $477.52.

Insider Transactions at Sezzle

In other news, Director Kyle M. Brehm purchased 110 shares of the stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of $360.00 per share, with a total value of $39,600.00. Following the acquisition, the director now directly owns 3,718 shares of the company’s stock, valued at $1,338,480. This represents a 3.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Amin Sabzivand sold 1,500 shares of Sezzle stock in a transaction on Monday, October 14th. The stock was sold at an average price of $187.00, for a total value of $280,500.00. Following the completion of the sale, the chief operating officer now directly owns 48,360 shares of the company’s stock, valued at $9,043,320. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,448 shares of company stock worth $7,470,923 over the last three months. 57.65% of the stock is currently owned by company insiders.

Sezzle Company Profile

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.