Wesbanco Bank Inc. purchased a new position in Klarna Group plc (NYSE:KLAR – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 47,000 shares of the company’s stock, valued at approximately $615,000.
Several other institutional investors have also modified their holdings of KLAR. TD Asset Management Inc acquired a new position in shares of Klarna Group during the third quarter worth $4,867,000. MAI Capital Management purchased a new stake in Klarna Group during the 3rd quarter worth about $64,000. US Bancorp DE acquired a new position in shares of Klarna Group during the 3rd quarter worth about $30,000. Monashee Investment Management LLC purchased a new position in shares of Klarna Group in the 3rd quarter valued at about $3,665,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Klarna Group during the 3rd quarter worth about $4,115,000.
Klarna Group Trading Down 0.2%
Shares of NYSE KLAR opened at $20.25 on Monday. The stock has a market cap of $7.64 billion and a P/E ratio of -38.94. Klarna Group plc has a twelve month low of $12.06 and a twelve month high of $57.20. The stock has a 50 day moving average of $16.13 and a two-hundred day moving average of $19.41.
Analyst Ratings Changes
A number of brokerages recently issued reports on KLAR. Morgan Stanley upped their price target on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. Wells Fargo & Company cut their price objective on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. The Goldman Sachs Group boosted their price objective on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. BMO Capital Markets increased their target price on shares of Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Tuesday, June 23rd. Finally, Freedom Capital upgraded shares of Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Klarna Group has a consensus rating of “Moderate Buy” and a consensus target price of $33.35.
View Our Latest Report 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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