Stock Traders Purchase Large Volume of Klarna Group Call Options (NYSE:KLAR)

Klarna Group plc (NYSE:KLAR) saw unusually large options trading on Wednesday. Stock investors bought 24,024 call options on the company. This represents an increase of approximately 183% compared to the typical daily volume of 8,480 call options.

Wall Street Analyst Weigh In

Several brokerages recently commented on KLAR. JPMorgan Chase & Co. dropped their target price on Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Bank of America started coverage on shares of Klarna Group in a research note on Thursday. They set a “buy” rating and a $21.00 price objective on the stock. UBS Group decreased their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wells Fargo & Company dropped their price target on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Finally, Wolfe Research cut their price objective on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Klarna Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Price Performance

KLAR stock opened at $13.55 on Friday. The stock’s 50 day moving average is $23.01. The firm has a market capitalization of $9.73 billion and a P/E ratio of -17.60. Klarna Group has a twelve month low of $12.50 and a twelve month high of $57.20.

Institutional Investors Weigh In On Klarna Group

Several hedge funds and other institutional investors have recently modified their holdings of KLAR. SC US Ttgp LTD. bought a new position in shares of Klarna Group during the third quarter worth about $2,016,821,000. Commonwealth Bank of Australia acquired a new stake in Klarna Group during the fourth quarter valued at approximately $503,243,000. Wellington Management Group LLP bought a new position in Klarna Group during the 3rd quarter worth approximately $348,834,000. Dragoneer Investment Group LLC acquired a new position in shares of Klarna Group in the 3rd quarter worth approximately $303,595,000. Finally, Scge Management L.P. bought a new stake in shares of Klarna Group in the 3rd quarter valued at approximately $193,018,000.

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.