Centiva Capital LP Makes New Investment in Klarna Group plc $KLAR

Centiva Capital LP acquired a new stake in Klarna Group plc (NYSE:KLAR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 130,000 shares of the company’s stock, valued at approximately $4,764,000.

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

Klarna Group Price Performance

Shares of Klarna Group stock opened at $15.87 on Friday. The company has a 50-day moving average price of $21.33. Klarna Group plc has a one year low of $12.50 and a one year high of $57.20. The company has a market cap of $11.39 billion and a price-to-earnings ratio of -20.61.

Analysts Set New Price Targets

KLAR has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price 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. Bank of America assumed coverage on Klarna Group in a research note on Thursday, March 5th. They issued a “buy” rating and a $21.00 price target on the stock. Citigroup cut their price target on Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Keefe, Bruyette & Woods lowered their price objective on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Finally, UBS Group dropped their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.