Militia Capital Management LLC purchased a new position in Klarna Group plc (NYSE:KLAR – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 271,844 shares of the company’s stock, valued at approximately $3,558,000. Klarna Group accounts for 0.8% of Militia Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding.
Several other institutional investors and hedge funds have also recently modified their holdings of KLAR. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Klarna Group by 53.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 812,743 shares of the company’s stock worth $23,496,000 after acquiring an additional 283,261 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Klarna Group in the 3rd quarter valued at $5,681,000. Robeco Institutional Asset Management B.V. lifted its stake in Klarna Group by 150.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 150,000 shares of the company’s stock worth $4,336,000 after purchasing an additional 90,000 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Klarna Group during the 1st quarter valued at about $1,964,000. Finally, UBS Group AG boosted its holdings in shares of Klarna Group by 32.9% during the 4th quarter. UBS Group AG now owns 1,376,248 shares of the company’s stock valued at $39,787,000 after purchasing an additional 340,562 shares during the last quarter.
Klarna Group Trading Down 6.0%
KLAR opened at $17.89 on Thursday. The stock has a 50-day moving average of $18.00 and a 200 day moving average of $18.03. Klarna Group plc has a 12 month low of $12.06 and a 12 month high of $57.20. The firm has a market cap of $6.75 billion and a P/E ratio of -34.40.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on KLAR shares. Deutsche Bank Aktiengesellschaft lifted their target price on Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Zacks Research raised Klarna Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Citizens Jmp began coverage on Klarna Group in a research note on Tuesday, June 30th. They issued a “market perform” rating on the stock. Wells Fargo & Company decreased their price objective on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. increased their target price on Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Klarna Group has a consensus rating of “Moderate Buy” and an average target price of $32.11.
Get Our Latest Report on Klarna Group
About Klarna Group
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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