Luxor Capital Group LP Takes Position in Klarna Group plc $KLAR

Key Points

• Luxor Capital Group LP acquired a new position in Klarna (NYSE:KLAR), purchasing 379,230 shares valued at about $13.33 million in Q3, equal to roughly 0.6% of Luxor’s portfolio and ~0.05% of Klarna.
• Several other institutions also opened or increased stakes—most notably Millennium Management (~$40.74M) and Holocene Advisors (~$17.80M)—indicating rising hedge-fund interest in the stock.
• Klarna trades near $14.95 with a market cap of $10.73B and a negative PE (-19.41); analysts hold a consensus "Moderate Buy" with an average price target of $38.33, despite a one‑year range of $12.50–$57.20.

Luxor Capital Group LP acquired a new position in Klarna Group plc (NYSE:KLAR - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 379,230 shares of the company's stock, valued at approximately $13,327,000. Klarna Group accounts for about 0.6% of Luxor Capital Group LP's portfolio, making the stock its 21st biggest holding. Luxor Capital Group LP owned approximately 0.05% of Klarna Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAR. National Bank of Canada FI bought a new stake in shares of Klarna Group in the 3rd quarter valued at about $182,000. Millennium Management LLC bought a new position in shares of Klarna Group during the third quarter valued at approximately $40,739,000. Lighthouse Investment Partners LLC purchased a new position in Klarna Group during the third quarter valued at approximately $1,007,000. Ion Asset Management Ltd. bought a new position in Klarna Group in the third quarter worth approximately $1,832,000. Finally, Holocene Advisors LP purchased a new stake in Klarna Group during the third quarter worth $17,795,000.

Klarna Group Stock Performance

Klarna Group stock opened at $14.95 on Tuesday. The stock has a market capitalization of $10.73 billion and a PE ratio of -19.41. The company has a 50-day simple moving average of $21.04. Klarna Group plc has a one year low of $12.50 and a one year high of $57.20.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America began coverage on Klarna Group in a research report on Thursday, March 5th. They issued a "buy" rating and a $21.00 price target for the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Klarna Group in a report on Monday, December 29th. 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. Citigroup reduced their price objective on shares of Klarna Group from $58.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, November 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 for the company in a research note on Friday, February 20th. Eleven research 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 data from MarketBeat.com, Klarna Group currently has a consensus rating of "Moderate Buy" and an average price target 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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