Alpha Wave Global LP Takes Position in Klarna Group plc $KLAR

Alpha Wave Global LP bought a new position in shares of Klarna Group plc (NYSE:KLAR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 376,200 shares of the company’s stock, valued at approximately $13,788,000. Klarna Group comprises 1.4% of Alpha Wave Global LP’s portfolio, making the stock its 9th biggest holding. Alpha Wave Global LP owned approximately 0.05% of Klarna Group as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group cut their price objective on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. 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 report on Friday, February 20th. Citigroup cut their price target on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Bank of America started coverage on shares of Klarna Group in a research report on Thursday, March 5th. They set a “buy” rating and a $21.00 price target on the stock. Finally, Wolfe Research lowered their price target on Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Eleven equities research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $38.33.

Klarna Group Stock Up 8.6%

Klarna Group stock opened at $15.87 on Friday. Klarna Group plc has a 12-month low of $12.50 and a 12-month high of $57.20. The company has a market capitalization of $11.39 billion and a PE ratio of -20.61. The company has a 50 day moving average of $21.33.

Klarna Group Company 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.