1,777,365 Shares in Klarna Group plc $KLAR Bought by Norges Bank

Norges Bank acquired a new position in shares of Klarna Group plc (NYSE:KLAR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,777,365 shares of the company’s stock, valued at approximately $51,384,000. Norges Bank owned 0.25% of Klarna Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. SC US Ttgp LTD. purchased a new stake in shares of Klarna Group during the third quarter worth about $2,016,821,000. Wellington Management Group LLP purchased a new position in Klarna Group in the 3rd quarter valued at about $348,834,000. Scge Management L.P. acquired a new stake in Klarna Group in the 3rd quarter worth about $193,018,000. HarbourVest Partners LLC purchased a new stake in Klarna Group during the 3rd quarter worth approximately $184,105,000. Finally, Technology Crossover Management X Ltd. purchased a new stake in Klarna Group during the 3rd quarter worth approximately $140,910,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KLAR shares. JPMorgan Chase & Co. decreased their target price on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Morgan Stanley increased their price objective on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, May 18th. UBS Group decreased 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. TD Cowen initiated coverage on shares of Klarna Group in a research note on Monday, May 11th. They set a “hold” rating and a $16.00 target price on the stock. Finally, The Goldman Sachs Group upped their target price on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.24.

Klarna Group Trading Up 0.2%

Shares of KLAR opened at $16.39 on Monday. Klarna Group plc has a 12-month low of $12.06 and a 12-month high of $57.20. The firm has a 50-day moving average price of $14.81 and a 200 day moving average price of $20.76. The firm has a market capitalization of $6.19 billion and a P/E ratio of -31.52.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Klarna Group’s revenue was up 42.7% compared to the same quarter last year. Equities research analysts predict that Klarna Group plc will post 0.04 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.