1,041,228 Shares in Klarna Group plc $KLAR Purchased by Honeycomb Asset Management LP

Honeycomb Asset Management LP purchased a new position in shares of Klarna Group plc (NYSE:KLAR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,041,228 shares of the company’s stock, valued at approximately $38,161,000. Klarna Group accounts for approximately 100.0% of Honeycomb Asset Management LP’s investment portfolio, making the stock its largest holding.

Other large investors also recently modified their holdings of the company. US Bancorp DE acquired a new position in shares of Klarna Group in the 3rd quarter worth approximately $30,000. BIT Capital GmbH acquired a new stake in Klarna Group in the 3rd quarter valued at $37,000. TD Waterhouse Canada Inc. bought a new stake in Klarna Group in the third quarter valued at $43,000. Compagnie Lombard Odier SCmA acquired a new position in Klarna Group during the third quarter worth $42,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Klarna Group during the third quarter valued at $46,000.

Wall Street Analysts Forecast Growth

KLAR has been the topic of several analyst reports. Wolfe Research lowered their target price on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a report on Monday, December 29th. Wall Street Zen cut shares of Klarna Group from a “hold” rating to a “sell” rating in a research note on Sunday. JPMorgan Chase & Co. dropped their price objective on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Finally, Citigroup reduced their target price on Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Stock Performance

Shares of NYSE:KLAR opened at $15.87 on Monday. The firm has a fifty day simple moving average of $21.33. 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.

Klarna Group 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.