Cordoba Advisory Partners LLC purchased a new stake in shares of Klarna Group plc (NYSE:KLAR – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,886 shares of the company’s stock, valued at approximately $524,000.
Several other large investors have also made changes to their positions in the business. Global Retirement Partners LLC boosted its stake in shares of Klarna Group by 800.0% in the fourth 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 period. Leonteq Securities AG bought a new stake in Klarna Group during the 4th quarter valued at approximately $29,000. US Bancorp DE purchased a new position in Klarna Group in the 3rd quarter worth approximately $30,000. CWM LLC boosted its stake in Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in Klarna Group by 44.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after buying an additional 509 shares in the last quarter.
Klarna Group Stock Performance
NYSE KLAR opened at $20.66 on Friday. The stock has a 50 day moving average price of $18.82 and a 200-day moving average price of $16.89. Klarna Group plc has a one year low of $12.06 and a one year high of $57.20. The company has a market capitalization of $7.80 billion and a P/E ratio of -39.73.
Wall Street Analysts Forecast Growth
KLAR has been the topic of several recent analyst reports. Barclays started coverage on shares of Klarna Group in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. UBS Group boosted their price target on shares of Klarna Group from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. BMO Capital Markets raised their price objective on 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, Wall Street Zen raised Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.11.
Get Our Latest Research Report on KLAR
Klarna Group 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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