Tudor Investment Corp ET AL Buys New Position in Klarna Group plc $KLAR

Tudor Investment Corp ET AL bought a new stake in shares of Klarna Group plc (NYSE:KLAR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 155,000 shares of the company’s stock, valued at approximately $5,681,000.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE purchased a new position in shares of Klarna Group during the third quarter valued at approximately $30,000. BIT Capital GmbH purchased a new position in shares of Klarna Group during the third quarter valued at approximately $37,000. Allworth Financial LP purchased a new position in shares of Klarna Group during the third quarter valued at approximately $37,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Klarna Group during the third quarter valued at approximately $42,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Klarna Group during the third quarter valued at approximately $43,000.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KLAR shares. Morgan Stanley dropped their price target 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. UBS Group dropped their price target on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Keefe, Bruyette & Woods dropped their price target on Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Bank of America started coverage on Klarna Group in a report on Thursday, March 5th. They set a “buy” rating and a $21.00 price target on the stock. Finally, Wall Street Zen lowered Klarna Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 31st. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Trading Up 2.9%

Shares of Klarna Group stock opened at $13.38 on Thursday. The firm has a market capitalization of $5.05 billion and a P/E ratio of -17.37. The business’s fifty day simple moving average is $15.71 and its 200 day simple moving average is $27.34. Klarna Group plc has a 12 month low of $12.06 and a 12 month high of $57.20.

Klarna Group (NYSE:KLAR) last issued its earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The firm had revenue of $0.87 million during the quarter. Klarna Group had a negative net margin of 8.41% and a negative return on equity of 11.62%. The business’s revenue for the quarter was up 38.5% compared to the same quarter last year.

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.