Jane Street Group LLC Has $4.02 Million Stock Holdings in Sezzle Inc. (NASDAQ:SEZL)

Jane Street Group LLC lifted its stake in Sezzle Inc. (NASDAQ:SEZL - Free Report) by 816.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,707 shares of the company's stock after acquiring an additional 13,994 shares during the quarter. Jane Street Group LLC owned approximately 0.28% of Sezzle worth $4,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SEZL. Vanguard Group Inc. boosted its holdings in Sezzle by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 169,614 shares of the company's stock valued at $43,387,000 after purchasing an additional 3,853 shares during the period. Marshall Wace LLP raised its holdings in Sezzle by 792.3% in the 4th quarter. Marshall Wace LLP now owns 79,983 shares of the company's stock valued at $20,460,000 after acquiring an additional 71,019 shares in the last quarter. Northern Trust Corp lifted its position in shares of Sezzle by 6.8% in the 4th quarter. Northern Trust Corp now owns 20,708 shares of the company's stock worth $5,297,000 after acquiring an additional 1,319 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Sezzle by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,697 shares of the company's stock worth $5,294,000 after purchasing an additional 334 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its position in shares of Sezzle by 220.5% during the fourth quarter. Boothbay Fund Management LLC now owns 17,000 shares of the company's stock valued at $4,349,000 after purchasing an additional 11,696 shares during the period. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Sezzle Price Performance

SEZL traded up $0.47 during midday trading on Wednesday, reaching $91.01. 1,041,412 shares of the company's stock were exchanged, compared to its average volume of 770,592. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 9.68 and a beta of 8.41. Sezzle Inc. has a one year low of $10.69 and a one year high of $93.49. The business has a 50-day simple moving average of $44.42 and a two-hundred day simple moving average of $47.55.

Sezzle (NASDAQ:SEZL - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.22. Sezzle had a return on equity of 101.18% and a net margin of 25.29%. The firm had revenue of $271.13 billion during the quarter, compared to analyst estimates of $73.90 million. As a group, research analysts predict that Sezzle Inc. will post 9.77 EPS for the current year.

Sezzle announced that its board has approved a stock buyback plan on Monday, March 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, B. Riley reiterated a "buy" rating and set a $62.83 price target (up previously from $62.00) on shares of Sezzle in a research note on Wednesday, February 26th.

Insider Activity at Sezzle

In related news, Director Paul Paradis sold 18,000 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $75.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the director now directly owns 315,000 shares of the company's stock, valued at $23,625,000. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Karen Hartje sold 311,196 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $71.83, for a total value of $22,353,208.68. Following the completion of the transaction, the chief financial officer now directly owns 154,266 shares in the company, valued at approximately $11,080,926.78. This represents a 66.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 338,196 shares of company stock valued at $24,439,949 in the last ninety days. Insiders own 57.65% of the company's stock.

Sezzle 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.