Coatue Management LLC Purchases Shares of 330,000 Klarna Group plc $KLAR

Coatue Management LLC purchased a new position in shares of Klarna Group plc (NYSE:KLAR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 330,000 shares of the company’s stock, valued at approximately $12,095,000.

Other hedge funds have also recently modified their holdings of the company. SC US Ttgp LTD. purchased a new position in shares of Klarna Group in the 3rd quarter valued at approximately $2,016,821,000. Wellington Management Group LLP purchased a new stake in Klarna Group during the 3rd quarter worth approximately $348,834,000. HarbourVest Partners LLC purchased a new stake in Klarna Group during the 3rd quarter worth approximately $184,105,000. Technology Crossover Management X Ltd. acquired a new position in Klarna Group during the 3rd quarter valued at approximately $140,910,000. Finally, WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST purchased a new position in shares of Klarna Group in the third quarter worth $115,753,000.

Klarna Group Stock Performance

KLAR stock opened at $15.87 on Friday. Klarna Group plc has a 52-week low of $12.50 and a 52-week high of $57.20. The stock has a market cap of $11.39 billion and a price-to-earnings ratio of -20.61. The stock’s 50-day moving average price is $21.33.

Wall Street Analyst Weigh In

Several research firms have recently commented on KLAR. Citigroup lowered their price objective on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. Wolfe Research lowered their price target on Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Bank of America began coverage on Klarna Group in a report on Thursday, March 5th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Klarna Group has an average rating of “Moderate Buy” and a consensus price target of $38.33.

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.