Avanda Investment Management Pte. Ltd. Takes Position in Klarna Group plc $KLAR

Avanda Investment Management Pte. Ltd. purchased a new position in shares of Klarna Group plc (NYSE:KLAR) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 45,964 shares of the company’s stock, valued at approximately $602,000. Klarna Group makes up 1.0% of Avanda Investment Management Pte. Ltd.’s portfolio, making the stock its 21st largest position.

A number of other institutional investors and hedge funds have also modified their holdings of KLAR. Commonwealth Bank of Australia bought a new stake in shares of Klarna Group during the 4th quarter valued at $503,243,000. Wellington Management Group LLP acquired a new stake in shares of Klarna Group during the third quarter worth $348,834,000. Scge Management L.P. acquired a new stake in shares of Klarna Group during the third quarter worth $193,018,000. MIC Capital Management UK LLP bought a new stake in Klarna Group in the third quarter valued at about $99,502,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Klarna Group in the fourth quarter valued at about $72,323,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company reduced their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Keefe, Bruyette & Woods upped their price target on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Barclays initiated coverage on shares of Klarna Group in a research report on Wednesday, July 8th. They issued an “equal weight” rating and a $20.00 price target on the stock. BMO Capital Markets boosted their price objective on shares of Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Tuesday, June 23rd. Finally, Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Klarna Group presently has an average rating of “Moderate Buy” and a consensus price target of $32.11.

Klarna Group Stock Performance

Shares of KLAR opened at $19.63 on Wednesday. The stock has a 50 day simple moving average of $17.45 and a 200 day simple moving average of $18.47. Klarna Group plc has a 52-week low of $12.06 and a 52-week high of $57.20. The firm has a market capitalization of $7.41 billion and a PE ratio of -37.75.

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

Klarna Group 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.