Klarna Group plc $KLAR Shares Bought by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. grew its stake in shares of Klarna Group plc (NYSE:KLAR) by 56.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 759,624 shares of the company’s stock after buying an additional 273,984 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Klarna Group were worth $21,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SC US Ttgp LTD. acquired a new stake in Klarna Group during the 3rd quarter valued at $2,016,821,000. Wellington Management Group LLP acquired a new stake in Klarna Group during the 3rd quarter valued at $348,834,000. Scge Management L.P. acquired a new stake in Klarna Group during the 3rd quarter valued at $193,018,000. HarbourVest Partners LLC acquired a new position in shares of Klarna Group in the third quarter worth $184,105,000. Finally, Technology Crossover Management X Ltd. acquired a new position in shares of Klarna Group in the third quarter worth $140,910,000.

Klarna Group Price Performance

KLAR stock opened at $16.49 on Wednesday. Klarna Group plc has a 52-week low of $12.06 and a 52-week high of $57.20. The company has a 50-day moving average of $14.96 and a two-hundred day moving average of $20.56. The stock has a market capitalization of $6.22 billion and a price-to-earnings ratio of -31.70.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. The company’s quarterly revenue was up 42.7% on a year-over-year basis. Equities analysts expect that Klarna Group plc will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on KLAR. Keefe, Bruyette & Woods upped their price target on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. UBS Group lowered their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wells Fargo & Company lowered their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Klarna Group presently has an average rating of “Moderate Buy” and a consensus price target of $33.24.

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.