Geode Capital Management LLC Sells 950 Shares of Sezzle Inc. (NASDAQ:SEZL)

Geode Capital Management LLC reduced its stake in Sezzle Inc. (NASDAQ:SEZL) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,278 shares of the company’s stock after selling 950 shares during the quarter. Geode Capital Management LLC’s holdings in Sezzle were worth $11,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SEZL. Covestor Ltd bought a new position in shares of Sezzle in the 3rd quarter worth $38,000. SG Americas Securities LLC purchased a new position in Sezzle in the third quarter worth $165,000. Rhumbline Advisers bought a new position in Sezzle in the second quarter valued at $203,000. MetLife Investment Management LLC raised its position in 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 in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Sezzle during the third quarter worth about $274,000. 2.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sezzle

In other news, COO Amin Sabzivand sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $205.57, for a total value of $308,355.00. Following the completion of the sale, the chief operating officer now directly owns 46,860 shares of the company’s stock, valued at approximately $9,633,010.20. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kyle M. Brehm purchased 106 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $402.00 per share, with a total value of $42,612.00. Following the completion of the purchase, the director now owns 3,608 shares of the company’s stock, valued at $1,450,416. This represents a 3.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 10,707 shares of company stock worth $3,799,062. 57.65% of the stock is currently owned by insiders.

Sezzle Trading Up 0.3 %

NASDAQ SEZL opened at $255.80 on Wednesday. The stock has a 50-day moving average of $318.80 and a 200-day moving average of $192.50. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle Inc. has a 1-year low of $16.23 and a 1-year high of $477.52. The firm has a market cap of $1.43 billion, a PE ratio of 27.21 and a beta of 9.23.

Analysts Set New Price Targets

Several brokerages have recently commented on SEZL. B. Riley reiterated a “buy” rating and set a $372.00 price objective (up from $353.00) on shares of Sezzle in a research report on Thursday, December 19th. Northland Securities upped their target price on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

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.