XTX Topco Ltd Sells 4,917 Shares of Sezzle Inc. (NASDAQ:SEZL)

XTX Topco Ltd trimmed its position in shares of Sezzle Inc. (NASDAQ:SEZL - Free Report) by 79.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,254 shares of the company's stock after selling 4,917 shares during the quarter. XTX Topco Ltd's holdings in Sezzle were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd bought a new position in shares of Sezzle in the 3rd quarter worth about $38,000. SG Americas Securities LLC bought a new position in shares of Sezzle during the third quarter valued at approximately $165,000. Rhumbline Advisers bought a new position in shares of Sezzle during the second quarter valued at approximately $203,000. MetLife Investment Management LLC lifted its holdings in shares of Sezzle by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company's stock valued at $247,000 after purchasing an additional 815 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Sezzle in the 3rd quarter worth approximately $274,000. Hedge funds and other institutional investors own 2.02% of the company's stock.

Insiders Place Their Bets

In related news, Director Kyle M. Brehm acquired 110 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $360.00 per share, with a total value of $39,600.00. Following the completion of the acquisition, the director now directly owns 3,718 shares of the company's stock, valued at approximately $1,338,480. This trade represents a 3.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul Martin Purcell sold 2,401 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $465.72, for a total value of $1,118,193.72. Following the transaction, the director now directly owns 58,275 shares in the company, valued at $27,139,833. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,448 shares of company stock valued at $7,470,923. Corporate insiders own 57.65% of the company's stock.

Wall Street Analysts Forecast Growth

SEZL has been the subject of a number of recent research reports. Northland Securities lifted their price objective on Sezzle from $300.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday. B. Riley reaffirmed a "buy" rating and issued a $372.00 price target (up previously from $353.00) on shares of Sezzle in a research report on Thursday.

Sezzle Stock Up 11.4 %

NASDAQ SEZL traded up $27.84 during mid-day trading on Friday, reaching $271.16. The stock had a trading volume of 177,581 shares, compared to its average volume of 92,937. The stock has a market cap of $1.52 billion, a PE ratio of 28.85 and a beta of 9.23. Sezzle Inc. has a 1 year low of $15.00 and a 1 year high of $477.52. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.40 and a quick ratio of 2.40. The company has a fifty day moving average price of $310.72 and a 200 day moving average price of $182.21.

About Sezzle

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.