OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Klarna Group plc (NYSE:KLAR – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,501,675 shares of the company’s stock, valued at approximately $72,323,000. Klarna Group comprises approximately 7.8% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings, making the stock its 2nd largest position.
Several other institutional investors have also added to or reduced their stakes in KLAR. SC US Ttgp LTD. bought a new stake in shares of Klarna Group in the 3rd quarter worth $2,016,821,000. Commonwealth Bank of Australia bought a new position in shares of Klarna Group during the fourth quarter valued at $503,243,000. Wellington Management Group LLP purchased a new stake in shares of Klarna Group during the third quarter valued at $348,834,000. Scge Management L.P. purchased a new stake in shares of Klarna Group during the third quarter valued at $193,018,000. Finally, HarbourVest Partners LLC bought a new stake in Klarna Group in the 3rd quarter worth about $184,105,000.
Klarna Group Trading Down 0.6%
Shares of NYSE KLAR opened at $18.72 on Friday. Klarna Group plc has a 12-month low of $12.06 and a 12-month high of $57.20. The firm has a market capitalization of $7.07 billion and a price-to-earnings ratio of -36.00. The firm has a 50 day moving average of $15.65 and a 200 day moving average of $19.92.
Analyst Upgrades and Downgrades
Several research firms have issued reports on KLAR. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group reduced their price target 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 decreased their price objective on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Morgan Stanley raised their target price on shares of Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, May 18th. Finally, TD Cowen began coverage on shares of Klarna Group in a research report on Monday, May 11th. They issued a “hold” rating and a $16.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.24.
Read Our Latest Analysis on Klarna Group
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.
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