Azora Capital LP Buys New Stake in Klarna Group plc $KLAR

Azora Capital LP purchased a new stake in Klarna Group plc (NYSE:KLAR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,100,782 shares of the company’s stock, valued at approximately $40,344,000. Klarna Group comprises approximately 1.9% of Azora Capital LP’s investment portfolio, making the stock its 21st biggest position. Azora Capital LP owned 0.15% of Klarna Group at the end of the most recent reporting period.

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

Klarna Group Trading Up 8.6%

Shares of KLAR stock opened at $15.87 on Friday. Klarna Group plc has a 1-year low of $12.50 and a 1-year high of $57.20. The firm has a market cap of $11.39 billion and a P/E ratio of -20.61. The stock’s 50 day simple moving average is $21.33.

Analyst Upgrades and Downgrades

KLAR has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their price objective on Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Wall Street Zen cut shares of Klarna Group from a “hold” rating to a “sell” rating in a research note on Sunday. UBS Group lowered their price target on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Citigroup cut their price objective on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Finally, Bank of America initiated coverage on shares of Klarna Group in a research report on Thursday, March 5th. They issued a “buy” rating and a $21.00 price objective for the company. Eleven research 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, Klarna Group has a consensus rating of “Moderate Buy” and an average price target 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.