Klarna Group plc $KLAR Shares Sold by Bienville Capital Management LLC

Bienville Capital Management LLC lowered its position in Klarna Group plc (NYSE:KLAR) by 21.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,094,995 shares of the company’s stock after selling 295,038 shares during the quarter. Klarna Group accounts for 3.0% of Bienville Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Bienville Capital Management LLC’s holdings in Klarna Group were worth $22,163,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia acquired a new stake in Klarna Group during the fourth quarter worth about $503,243,000. Wellington Management Group LLP purchased a new stake in shares of Klarna Group during the 3rd quarter worth about $348,834,000. BlackRock Inc. grew its holdings in shares of Klarna Group by 89.6% during the 2nd quarter. BlackRock Inc. now owns 5,698,353 shares of the company’s stock worth $115,335,000 after purchasing an additional 2,693,374 shares during the period. Scge Management L.P. acquired a new stake in Klarna Group during the 3rd quarter worth approximately $193,018,000. Finally, MIC Capital Management UK LLP purchased a new position in Klarna Group in the third quarter valued at approximately $99,502,000.

Klarna Group Stock Down 2.6%

Shares of NYSE:KLAR opened at $13.89 on Thursday. The company has a market capitalization of $5.24 billion and a price-to-earnings ratio of -37.55. The company has a 50 day moving average of $17.64 and a two-hundred day moving average of $16.09. Klarna Group plc has a 52-week low of $12.06 and a 52-week high of $57.20.

Klarna Group (NYSE:KLAR) last posted its earnings results on Friday, August 14th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $992.56 million. Klarna Group had a negative net margin of 3.54% and a negative return on equity of 5.39%. Klarna Group’s revenue was up 26.6% on a year-over-year basis. On average, equities analysts anticipate that Klarna Group plc will post -0.01 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Sebastian Siemiatkowski acquired 692,506 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price of $14.37 per share, for a total transaction of $9,951,311.22. Following the acquisition, the chief executive officer directly owned 25,344,322 shares of the company’s stock, valued at $364,197,907.14. This represents a 2.81% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KLAR shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. TD Cowen cut their target price on shares of Klarna Group from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Wednesday, August 19th. Barclays reduced their target price on shares of Klarna Group from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 19th. Zacks Research downgraded Klarna Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Citizens Jmp began coverage on Klarna Group in a research report on Tuesday, June 30th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.05.

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.