Amova Asset Management Americas Inc. Raises Stake in Klarna Group plc $KLAR

Amova Asset Management Americas Inc. increased its holdings in shares of Klarna Group plc (NYSE:KLAR) by 57.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,198,554 shares of the company’s stock after acquiring an additional 438,930 shares during the period. Amova Asset Management Americas Inc.’s holdings in Klarna Group were worth $15,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE bought a new position in shares of Klarna Group during the third quarter valued at $30,000. First Trust Advisors LP bought a new position in Klarna Group in the 3rd quarter worth about $526,000. Russell Investments Group Ltd. purchased a new stake in Klarna Group during the 3rd quarter valued at about $19,272,000. Legal & General Group Plc bought a new stake in Klarna Group during the 3rd quarter valued at about $148,000. Finally, Franklin Resources Inc. purchased a new position in Klarna Group in the third quarter worth about $10,995,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KLAR shares. Deutsche Bank Aktiengesellschaft boosted their price target on Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. 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 note on Friday, May 15th. Barclays began coverage on shares of Klarna Group in a report on Wednesday, July 8th. They set an “equal weight” rating and a $20.00 price target on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Citizens Jmp assumed coverage on Klarna Group in a research note on Tuesday, June 30th. They issued a “market perform” rating on the stock. 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 given a Sell rating to the company. According to MarketBeat.com, Klarna Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.11.

Klarna Group Stock Up 0.1%

NYSE KLAR opened at $18.77 on Tuesday. Klarna Group plc has a twelve month low of $12.06 and a twelve month high of $57.20. The business has a 50-day moving average price of $17.82 and a 200-day moving average price of $18.17. The firm has a market cap of $7.09 billion and a price-to-earnings ratio of -36.09.

Klarna Group (NYSE:KLAR) last issued its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating 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%.The business’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 EPS for the current fiscal year.

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.