Luxor Capital Group LP Sells 213,760 Shares of Klarna Group plc $KLAR

Luxor Capital Group LP lessened its holdings in Klarna Group plc (NYSE:KLAR) by 56.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 165,470 shares of the company’s stock after selling 213,760 shares during the quarter. Luxor Capital Group LP’s holdings in Klarna Group were worth $2,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. North Reef Capital Management LP increased its position in shares of Klarna Group by 39.9% during the first quarter. North Reef Capital Management LP now owns 223,820 shares of the company’s stock valued at $2,930,000 after acquiring an additional 63,824 shares during the last quarter. Renaissance Technologies LLC grew its stake in Klarna Group by 173.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,043,100 shares of the company’s stock valued at $26,744,000 after purchasing an additional 1,297,200 shares during the period. Walleye Capital LLC grew its stake in Klarna Group by 35.4% in the 1st quarter. Walleye Capital LLC now owns 121,352 shares of the company’s stock valued at $1,588,000 after purchasing an additional 31,729 shares during the period. State of Wyoming increased its position in shares of Klarna Group by 137.1% during the 1st quarter. State of Wyoming now owns 75,088 shares of the company’s stock valued at $983,000 after purchasing an additional 43,412 shares during the last quarter. Finally, Militia Capital Management LLC bought a new stake in shares of Klarna Group during the 1st quarter worth $3,558,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KLAR shares. Barclays started coverage on shares of Klarna Group in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 price target for the company. Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. Bank of America increased their target price on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.11.

Klarna Group Stock Performance

Shares of KLAR opened at $17.38 on Friday. Klarna Group plc has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The business has a 50-day moving average of $18.07 and a 200 day moving average of $17.95. The firm has a market cap of $6.56 billion and a P/E ratio of -33.43.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. The company’s revenue was up 42.7% compared to the same quarter last year. As a group, research analysts predict that Klarna Group plc will post 0.05 earnings per share for the current fiscal year.

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.