Bank of New York Mellon Corp Boosts Stake in Sezzle Inc. (NASDAQ:SEZL)

Key Points

• Bank of New York Mellon Corp significantly increased its holdings in Sezzle Inc. by 518%, owning 38,960 shares valued at approximately $1.36 million.
• Several institutional investors, including Calamos Advisors and Principal Financial Group, also raised their positions in Sezzle, reflecting growing confidence in the company's stock.
• Analyst ratings for Sezzle have varied, with Oppenheimer raising its price target to $202 while Wall Street Zen downgraded the stock from a "strong-buy" to a "buy" rating.

Bank of New York Mellon Corp boosted its position in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 518.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,960 shares of the company's stock after purchasing an additional 32,656 shares during the period. Bank of New York Mellon Corp owned about 0.12% of Sezzle worth $1,359,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in shares of Sezzle in the fourth quarter worth $207,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Sezzle in the fourth quarter worth $128,000. Vanguard Group Inc. raised its position in shares of Sezzle by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 169,614 shares of the company's stock worth $43,387,000 after buying an additional 3,853 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Sezzle by 16.8% in the fourth quarter. JPMorgan Chase & Co. now owns 4,647 shares of the company's stock worth $1,189,000 after buying an additional 668 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Sezzle by 5.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,438 shares of the company's stock worth $1,391,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 2.02% of the company's stock.

Insider Transactions at Sezzle

In related news, COO Amin Sabzivand sold 18,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $157.31, for a total transaction of $2,831,580.00. Following the transaction, the chief operating officer owned 243,303 shares in the company, valued at $38,273,994.93. The trade was a 6.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Paradis sold 50,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $90.53, for a total value of $4,526,500.00. Following the transaction, the director owned 528,382 shares in the company, valued at approximately $47,834,422.46. This represents a 8.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 504,092 shares of company stock worth $43,975,326. Company insiders own 49.49% of the company's stock.

Sezzle Trading Up 8.0%

Shares of SEZL traded up $11.48 during trading hours on Monday, hitting $155.48. The company had a trading volume of 432,025 shares, compared to its average volume of 1,007,368. The firm has a market cap of $5.18 billion, a P/E ratio of 52.60 and a beta of 9.10. The stock's 50 day moving average price is $142.53 and its 200 day moving average price is $81.76. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. Sezzle Inc. has a 52-week low of $11.82 and a 52-week high of $186.74.

Analyst Ratings Changes

SEZL has been the topic of a number of research reports. Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Oppenheimer raised 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.