Militia Capital Management LLC acquired a new stake in Klarna Group plc (NYSE:KLAR – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 276,900 shares of the company’s stock, valued at approximately $3,625,000. Klarna Group comprises about 0.8% of Militia Capital Management LLC’s investment portfolio, making the stock its 28th largest holding.
A number of other hedge funds and other institutional investors have also recently modified their holdings of KLAR. TD Waterhouse Canada Inc. increased its holdings in shares of Klarna Group by 44.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock worth $48,000 after buying an additional 509 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Klarna Group by 19.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock valued at $117,000 after acquiring an additional 665 shares in the last quarter. Global Retirement Partners LLC grew its position in Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after acquiring an additional 800 shares during the last quarter. US Bancorp DE acquired a new position in Klarna Group in the 3rd quarter worth about $30,000. Finally, SBI Securities Co. Ltd. raised its position in Klarna Group by 42.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,891 shares of the company’s stock valued at $84,000 after purchasing an additional 856 shares during the last quarter.
Wall Street Analysts Forecast Growth
KLAR has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Klarna Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a report on Wednesday, June 24th. Citizens Jmp initiated coverage on shares of Klarna Group in a report on Tuesday, June 30th. They set a “market perform” rating on the stock. Weiss Ratings lowered Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Finally, Bank of America increased their price target on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.11.
Klarna Group Stock Down 0.0%
KLAR stock opened at $18.93 on Monday. The firm has a market cap of $7.15 billion and a price-to-earnings ratio of -36.41. The company’s fifty day simple moving average is $18.36 and its 200 day simple moving average is $17.45. Klarna Group plc has a 12-month low of $12.06 and a 12-month high of $57.20.
Klarna Group (NYSE:KLAR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.Klarna Group’s quarterly revenue was up 42.7% compared to the same quarter last year. Research analysts expect that Klarna Group plc will post 0.05 earnings per share for the current year.
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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