Hudson Bay Capital Management LP Acquires Shares of 72,000 Klarna Group plc $KLAR

Hudson Bay Capital Management LP bought a new position in 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 institutional investor bought 72,000 shares of the company’s stock, valued at approximately $2,639,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE purchased a new position in Klarna Group during the third quarter valued at approximately $30,000. BIT Capital GmbH acquired a new stake in shares of Klarna Group during the 3rd quarter worth approximately $37,000. Allworth Financial LP acquired a new stake in shares of Klarna Group during the 3rd quarter worth approximately $37,000. TD Waterhouse Canada Inc. purchased a new position in shares of Klarna Group during the 3rd quarter valued at approximately $43,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Klarna Group in the 3rd quarter valued at $42,000.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. UBS Group decreased their price objective on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Wall Street Zen cut Klarna Group from a “hold” rating to a “sell” rating in a research report on Sunday, March 15th. JPMorgan Chase & Co. cut their price target 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. Finally, Morgan Stanley reduced their price target on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.33.

Klarna Group Price Performance

NYSE:KLAR opened at $12.54 on Friday. The firm has a market capitalization of $9.00 billion and a PE ratio of -16.28. Klarna Group plc has a fifty-two week low of $12.50 and a fifty-two week high of $57.20. The business’s fifty day moving average is $19.66.

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.