Technology Crossover Management X Ltd. Makes New Investment in Klarna Group plc $KLAR

Technology Crossover Management X Ltd. bought a new stake in shares of Klarna Group plc (NYSE:KLAR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,844,736 shares of the company’s stock, valued at approximately $140,910,000. Klarna Group comprises about 11.9% of Technology Crossover Management X Ltd.’s portfolio, making the stock its 2nd biggest holding. Technology Crossover Management X Ltd. owned approximately 0.54% of Klarna Group as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

KLAR has been the topic of a number of recent research reports. Citigroup lowered their price target on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. Morgan Stanley lowered their target price on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen raised Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group lowered their price objective on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Klarna Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Trading Up 1.3%

Klarna Group stock opened at $13.70 on Friday. The stock’s 50-day moving average price is $22.69. Klarna Group plc has a 12-month low of $12.50 and a 12-month high of $57.20. The firm has a market capitalization of $9.83 billion and a PE ratio of -17.79.

About Klarna Group

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.