Sezzle Inc. (NASDAQ: SEZL) has landed on a closely watched list of tech stocks that billionaire investors are actively selling, despite the company’s remarkable market performance.
Billionaire holdings in the buy-now-pay-later firm dropped from approximately $34.12 million in Q4 2025 to $14.04 million in Q1 2026, representing a decline of roughly $20.07 million.
The selling from high-net-worth investors stands in sharp contrast to the stock’s performance, which has surged nearly 130% year-to-date.
Wall Street analysts have repeatedly lifted their price targets on Sezzle, pointing to strong quarterly results and expanding payment partnerships as key drivers of confidence.
On June 2, 2026, B. Riley raised its price target on Sezzle to $141 from $117, while maintaining a “Buy” rating on the stock.
B. Riley noted that Sezzle has integrated with Knot’s CardSwitcher API, a tool that automatically updates Sezzle’s virtual card as the preferred payment method across major merchants including Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), and Uber (NYSE: UBER).
The firm said the integration should improve checkout convenience and help drive top-of-wallet behavior among users, drawing comparisons to similar integrations already in place at American Express and PayPal.
That analyst optimism followed a strong first-quarter performance from the company, which operates primarily in the United States and Canada as a technology-enabled payments business.
In early May, Northland raised its price target on Sezzle to $110 from $100 and kept an “Outperform” rating, citing strong gross merchandise volume and revenue growth in the quarter.
Around the same time, Needham lifted its price target to $122 from $94 while maintaining a “Buy” rating, describing the quarter’s results as an impressive beat-and-raise.
Needham pointed to strong gross merchandise volume growth, a higher take rate, and better-than-expected credit performance as the primary contributors to Sezzle’s quarterly outperformance.
Beyond its core buy-now-pay-later offering, Sezzle also provides long-term lending through collaborations with third-party lenders and continues to invest in product innovation.
The disconnect between billionaire selling activity and the stock’s strong price appreciation raises questions about whether institutional sentiment will eventually weigh on Sezzle’s momentum heading into the second half of 2026.
