Dnca Finance Makes New Investment in Klarna Group plc $KLAR

Dnca Finance bought a new stake in shares of Klarna Group plc (NYSE:KLAR) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 50,000 shares of the company’s stock, valued at approximately $1,832,000.

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

Klarna Group Stock Up 8.6%

KLAR 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 firm has a market capitalization of $11.39 billion and a PE ratio of -20.61. The company has a fifty day moving average of $21.33.

Analyst Upgrades and Downgrades

KLAR has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Bank of America began coverage on shares of Klarna Group in a research report on Thursday, March 5th. They issued a “buy” rating and a $21.00 price objective for the company. UBS Group dropped their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wells Fargo & Company reduced their price target on Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Finally, Citigroup lowered their price objective on Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Klarna Group has a consensus rating of “Moderate Buy” and a consensus 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.