Coatue Management LLC Takes $12.10 Million Position in Klarna Group plc $KLAR

Coatue Management LLC bought a new position in shares of Klarna Group plc (NYSE:KLAR) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 330,000 shares of the company’s stock, valued at approximately $12,095,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. US Bancorp DE purchased a new stake in Klarna Group in the 3rd quarter worth $30,000. BIT Capital GmbH acquired a new position in Klarna Group during the third quarter worth $37,000. Compagnie Lombard Odier SCmA purchased a new position in Klarna Group during the third quarter valued at $42,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Klarna Group in the third quarter valued at about $43,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Klarna Group during the third quarter worth about $46,000.

Wall Street Analysts Forecast Growth

KLAR has been the subject of several research analyst reports. Wells Fargo & Company reduced their price target on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Wall Street Zen lowered Klarna Group from a “hold” rating to a “sell” rating in a research note on Sunday. Citigroup reduced their target price on Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Bank of America began coverage on Klarna Group in a research report on Thursday, March 5th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, UBS Group dropped their price target on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.33.

Klarna Group Stock Up 8.6%

KLAR opened at $15.87 on Friday. Klarna Group plc has a twelve month low of $12.50 and a twelve month high of $57.20. The firm has a market capitalization of $11.39 billion and a price-to-earnings ratio of -20.61. The stock’s 50-day simple moving average is $21.33.

Klarna Group Company Profile

Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.

Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.