Technology Crossover Management X Ltd. Acquires New Shares in Klarna Group plc $KLAR

Technology Crossover Management X Ltd. acquired a new position in Klarna Group plc (NYSE:KLAR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,844,736 shares of the company’s stock, valued at approximately $140,910,000. Klarna Group accounts for 11.9% of Technology Crossover Management X Ltd.’s portfolio, making the stock its 2nd largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KLAR. 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 $115,753,000. Walmart Inc. acquired a new stake in shares of Klarna Group during the 3rd quarter worth about $87,960,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Klarna Group in the 3rd quarter valued at about $19,406,000. DNB Asset Management AS acquired a new position in Klarna Group in the third quarter valued at about $18,464,000. Finally, Amova Asset Management Americas Inc. acquired a new position in Klarna Group in the third quarter valued at about $17,702,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KLAR shares. Citigroup dropped their price target on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Wolfe Research lowered their price objective on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. UBS Group dropped their price objective on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. decreased their target price on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.33.

Klarna Group Trading Up 1.3%

NYSE:KLAR opened at $13.70 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 fifty day simple moving average of $22.69. The firm has a market capitalization of $9.83 billion and a P/E ratio of -17.79.

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.