Teacher Retirement System of Texas Has $1.37 Million Holdings in Sezzle Inc. (NASDAQ:SEZL)

Teacher Retirement System of Texas boosted its holdings in Sezzle Inc. (NASDAQ:SEZL) by 4,731.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,186 shares of the company’s stock after buying an additional 38,375 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.12% of Sezzle worth $1,367,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SEZL. G2 Investment Partners Management LLC boosted its stake in Sezzle by 275.9% in the fourth 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 in the last quarter. Marshall Wace LLP boosted its stake in Sezzle by 792.3% in the fourth 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 in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Sezzle in the first quarter valued at about $747,000. D. E. Shaw & Co. Inc. boosted its stake in Sezzle by 912.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 21,097 shares of the company’s stock valued at $5,397,000 after buying an additional 19,014 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Sezzle by 172.7% during the fourth quarter. Millennium Management LLC now owns 27,398 shares of the company’s stock valued at $7,008,000 after purchasing an additional 17,351 shares in the last quarter. 2.02% of the stock is owned by institutional investors and hedge funds.

Sezzle Trading Down 9.4%

NASDAQ SEZL opened at $134.73 on Friday. The firm has a market capitalization of $4.48 billion, a P/E ratio of 45.52 and a beta of 9.16. The business has a fifty day simple moving average of $125.50 and a 200 day simple moving average of $71.11. Sezzle Inc. has a 12 month low of $11.67 and a 12 month high of $186.74. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.56.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SEZL. Wall Street Zen cut Sezzle from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Oppenheimer boosted their price target on Sezzle from $168.00 to $202.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd.

Insider Activity

In other news, COO Amin Sabzivand sold 6,028 shares of the firm’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $164.23, for a total transaction of $989,978.44. Following the completion of the sale, the chief operating officer directly owned 243,303 shares of the company’s stock, valued at $39,957,651.69. This trade represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul Paradis sold 3,000 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $182.03, for a total value of $546,090.00. Following the transaction, the director owned 260,000 shares of the company’s stock, valued at $47,327,800. The trade was a 1.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 498,092 shares of company stock valued at $43,127,736 in the last ninety days. 49.49% of the stock is currently owned by insiders.

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.