Principal Financial Group Inc. Has $815,000 Holdings in Sezzle Inc. (NASDAQ:SEZL)

Principal Financial Group Inc. boosted its holdings in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 550.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,346 shares of the company's stock after purchasing an additional 19,758 shares during the period. Principal Financial Group Inc. owned about 0.07% of Sezzle worth $815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SEZL. 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 grew its position in shares of Sezzle by 275.9% during the 4th quarter. G2 Investment Partners Management LLC now owns 102,192 shares of the company's stock valued at $26,141,000 after buying an additional 75,007 shares during the last quarter. Marshall Wace LLP grew its position in shares of Sezzle by 792.3% during the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock valued at $20,460,000 after buying an additional 71,019 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Sezzle by 4,731.8% during the 1st quarter. Teacher Retirement System of Texas now owns 39,186 shares of the company's stock valued at $1,367,000 after buying an additional 38,375 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Sezzle by 172.7% during the 4th quarter. Millennium Management LLC now owns 27,398 shares of the company's stock valued at $7,008,000 after buying an additional 17,351 shares during the last quarter. Hedge funds and other institutional investors own 2.02% of the company's stock.

Sezzle Stock Performance

NASDAQ SEZL traded up $0.11 on Friday, hitting $140.59. The stock had a trading volume of 703,177 shares, compared to its average volume of 852,907. Sezzle Inc. has a one year low of $11.67 and a one year high of $186.74. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 47.50 and a beta of 9.16. The company's 50-day moving average is $132.88 and its two-hundred day moving average is $74.43.

Analyst Ratings Changes

SEZL has been the topic of a number of research reports. Wall Street Zen cut Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Oppenheimer increased their price target on Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd.

Insiders Place Their Bets

In other news, 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 directly owned 154,266 shares of the company's stock, valued at approximately $11,080,926.78. This represents a 66.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul Paradis sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $90.53, for a total transaction of $4,526,500.00. Following the completion of the sale, the director directly owned 528,382 shares of the company's stock, valued at approximately $47,834,422.46. This represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 498,092 shares of company stock worth $43,127,736. Insiders own 49.49% of the company's stock.

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.