Allianz Asset Management GmbH Has $538,000 Holdings in Sezzle Inc. (NASDAQ:SEZL)

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Sezzle Inc. by 937.0% during Q1, acquiring an additional 13,933 shares to hold a total of 15,420 shares valued at approximately $538,000.
• Multiple institutional investors, including CWM LLC and Federated Hermes Inc., have dramatically increased or acquired new stakes in Sezzle, reflecting a growing interest in the company.
• Sezzle's stock price has recently been impacted, experiencing a notable 7.0% decline, with current trading figures showing a market capitalization of $4.79 billion.

Allianz Asset Management GmbH grew its holdings in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 937.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,420 shares of the company's stock after buying an additional 13,933 shares during the quarter. Allianz Asset Management GmbH's holdings in Sezzle were worth $538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Sezzle by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 169,614 shares of the company's stock worth $43,387,000 after purchasing an additional 3,853 shares during the last quarter. G2 Investment Partners Management LLC lifted its stake in shares of Sezzle by 275.9% in the 4th quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock worth $26,141,000 after acquiring an additional 75,007 shares during the period. Marshall Wace LLP raised its stake in shares of Sezzle by 792.3% in the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock worth $20,460,000 after buying an additional 71,019 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Sezzle by 4,731.8% in the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock worth $1,367,000 after purchasing an additional 38,375 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Sezzle by 518.0% during the 1st quarter. Bank of New York Mellon Corp now owns 38,960 shares of the company's stock worth $1,359,000 after acquiring an additional 32,656 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company's stock.

Insider Buying and Selling

In other news, COO Amin Sabzivand sold 18,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $157.31, for a total transaction of $2,831,580.00. Following the completion of the transaction, the chief operating officer directly owned 243,303 shares of the company's stock, valued at approximately $38,273,994.93. This trade represents a 6.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Karen Hartje sold 311,196 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $71.83, for a total value of $22,353,208.68. Following the completion of the sale, the chief financial officer owned 154,266 shares in the company, valued at approximately $11,080,926.78. This represents a 66.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 504,092 shares of company stock valued at $43,975,326. 49.49% of the stock is owned by company insiders.

Sezzle Stock Performance

Shares of NASDAQ:SEZL traded down $9.53 during midday trading on Wednesday, hitting $142.41. The company's stock had a trading volume of 1,775,212 shares, compared to its average volume of 1,012,362. Sezzle Inc. has a fifty-two week low of $12.82 and a fifty-two week high of $186.74. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 48.11 and a beta of 9.09. The stock's 50 day simple moving average is $144.39 and its 200 day simple moving average is $83.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.62 and a current ratio of 2.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SEZL shares. Wall Street Zen lowered shares of Sezzle from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Oppenheimer upped their price target on Sezzle from $168.00 to $202.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd.

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.