503,801 Shares in Klarna Group plc $KLAR Acquired by DNB Asset Management AS

DNB Asset Management AS bought a new stake in Klarna Group plc (NYSE:KLAR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 503,801 shares of the company’s stock, valued at approximately $18,464,000. DNB Asset Management AS owned about 0.07% of Klarna Group as of its most recent SEC filing.

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

Klarna Group Stock Down 3.9%

Shares of KLAR opened at $13.58 on Friday. The firm’s 50-day moving average price is $24.39. Klarna Group plc has a 12-month low of $12.50 and a 12-month high of $57.20. The company has a market capitalization of $9.75 billion and a price-to-earnings ratio of -17.64.

Wall Street Analyst Weigh In

Several research analysts recently commented on KLAR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klarna Group in a report on Monday, December 29th. Citigroup lowered their price target on 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 cut their price objective on Klarna Group from $51.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Wells Fargo & Company lowered their target price on Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, Morgan Stanley dropped their price target on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Klarna Group has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

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.