Teacher Retirement System of Texas Boosts Stock Holdings in Sezzle Inc. (NASDAQ:SEZL)

Teacher Retirement System of Texas boosted its position in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 4,731.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,186 shares of the company's stock after buying an additional 38,375 shares during the period. Teacher Retirement System of Texas owned approximately 0.12% of Sezzle worth $1,367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Sezzle by 28.0% during the 4th quarter. Bank of New York Mellon Corp now owns 6,304 shares of the company's stock worth $1,613,000 after purchasing an additional 1,378 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Sezzle during the 4th quarter worth approximately $311,000. Wealth Enhancement Advisory Services LLC bought a new stake in Sezzle during the 1st quarter worth approximately $747,000. Rhumbline Advisers increased its holdings in Sezzle by 649.1% during the 1st quarter. Rhumbline Advisers now owns 19,146 shares of the company's stock worth $668,000 after purchasing an additional 16,590 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Sezzle during the 1st quarter worth approximately $131,000. 2.02% of the stock is owned by institutional investors.

Insider Activity at Sezzle

In related news, CFO Karen Hartje sold 5,484 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $168.02, for a total transaction of $921,421.68. Following the completion of the sale, the chief financial officer directly owned 126,846 shares of the company's stock, valued at approximately $21,312,664.92. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Amin Sabzivand sold 6,028 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $164.23, for a total value of $989,978.44. Following the completion of the transaction, the chief operating officer owned 243,303 shares in the company, valued at approximately $39,957,651.69. The trade was a 2.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 498,092 shares of company stock valued at $43,127,736. 49.49% of the stock is owned by insiders.

Sezzle Stock Performance

Shares of SEZL traded down $1.73 on Monday, reaching $133.00. 253,362 shares of the company's stock traded hands, compared to its average volume of 839,866. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.43 billion, a PE ratio of 45.27 and a beta of 9.16. The stock's 50 day simple moving average is $125.50 and its two-hundred day simple moving average is $71.29. Sezzle Inc. has a 52-week low of $11.67 and a 52-week high of $186.74.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SEZL. Oppenheimer boosted their price objective on Sezzle from $168.00 to $202.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded Sezzle from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

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.