HarbourVest Partners LLC Takes $184.11 Million Position in Klarna Group plc $KLAR

Key Points

• HarbourVest Partners LLC bought 5,023,320 shares of Klarna Group (KLAR) in Q3 — a stake worth about $184.11 million that represents 89.8% of HarbourVest's portfolio and roughly 0.70% of Klarna's shares, making it HarbourVest's largest holding.
• Klarna is trading well below its 52-week high (opened at $15.87; 52-week range $12.50–$57.20) with a market cap of $11.39 billion, and analysts are mixed: the consensus is a "Moderate Buy" with an average target of $38.33 even as several firms have recently cut price targets.

HarbourVest Partners LLC purchased a new position in Klarna Group plc (NYSE:KLAR - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,023,320 shares of the company's stock, valued at approximately $184,105,000. Klarna Group comprises 89.8% of HarbourVest Partners LLC's portfolio, making the stock its biggest holding. HarbourVest Partners LLC owned approximately 0.70% of Klarna Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KLAR. US Bancorp DE purchased a new position in Klarna Group in the third quarter valued at about $30,000. BIT Capital GmbH purchased a new stake in shares of Klarna Group during the 3rd quarter worth about $37,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Klarna Group during the 3rd quarter worth about $43,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Klarna Group during the 3rd quarter valued at about $42,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Klarna Group in the 3rd quarter valued at approximately $46,000.

Klarna Group Trading Up 8.6%

Shares of NYSE:KLAR opened at $15.87 on Friday. The company has a 50-day simple moving average of $21.33. The firm has a market capitalization of $11.39 billion and a P/E ratio of -20.61. Klarna Group plc has a 52-week low of $12.50 and a 52-week high of $57.20.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KLAR. Citigroup cut their price objective on shares of Klarna Group from $58.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, November 20th. Bank of America started coverage on shares of Klarna Group in a research report on Thursday, March 5th. They issued a "buy" rating and a $21.00 target price for the company. Wall Street Zen raised shares of Klarna Group from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Wells Fargo & Company decreased their price objective on shares of Klarna Group from $45.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Klarna Group from $40.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, February 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.

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