Avanda Investment Management Pte. Ltd. Purchases Shares of 45,964 Klarna Group plc $KLAR

Avanda Investment Management Pte. Ltd. acquired a new position in shares of Klarna Group plc (NYSE:KLAR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,964 shares of the company’s stock, valued at approximately $602,000. Klarna Group makes up approximately 1.0% of Avanda Investment Management Pte. Ltd.’s portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accredited Investors Inc. bought a new stake in shares of Klarna Group in the 1st quarter worth about $202,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Klarna Group by 47.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,198,554 shares of the company’s stock valued at $15,689,000 after purchasing an additional 385,811 shares during the last quarter. Saxon Interests Inc. acquired a new position in Klarna Group in the first quarter valued at about $630,000. Pictet Asset Management Holding SA acquired a new position in Klarna Group in the first quarter valued at about $18,872,000. Finally, Wesbanco Bank Inc. bought a new stake in Klarna Group during the first quarter worth about $615,000.

Klarna Group Stock Performance

NYSE:KLAR opened at $19.63 on Wednesday. The stock’s fifty day moving average price is $17.45 and its two-hundred day moving average price is $18.47. Klarna Group plc has a 52-week low of $12.06 and a 52-week high of $57.20. The company has a market cap of $7.41 billion and a price-to-earnings ratio of -37.75.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. On average, equities analysts predict that Klarna Group plc will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KLAR shares. Zacks Research raised shares of Klarna Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. The Goldman Sachs Group increased their price target on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Barclays began coverage on Klarna Group in a report on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Morgan Stanley boosted their price objective on Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, May 18th. Two 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.11.

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.