155,000 Shares in Klarna Group plc $KLAR Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new stake in shares of Klarna Group plc (NYSE:KLAR) in the third quarter, Holdings Channel.com reports. The fund bought 155,000 shares of the company’s stock, valued at approximately $5,681,000.

Several other institutional investors also recently added to or reduced their stakes in KLAR. SC US Ttgp LTD. purchased a new stake in Klarna Group in the 3rd quarter valued at about $2,016,821,000. Wellington Management Group LLP purchased a new position in shares of Klarna Group during the third quarter worth approximately $348,834,000. Dragoneer Investment Group LLC bought a new stake in shares of Klarna Group during the third quarter valued at approximately $303,595,000. Scge Management L.P. purchased a new stake in shares of Klarna Group in the third quarter valued at approximately $193,018,000. Finally, HarbourVest Partners LLC bought a new position in Klarna Group in the third quarter worth approximately $184,105,000.

Klarna Group Trading Up 3.9%

Shares of KLAR opened at $13.56 on Wednesday. The company has a 50 day moving average price of $18.98. 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 $5.12 billion and a P/E ratio of -17.60.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Monday. UBS Group lowered their price objective on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. JPMorgan Chase & Co. dropped their price objective on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Finally, Morgan Stanley reduced their price objective on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.33.

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.