Walmart Inc. Invests $87.96 Million in Klarna Group plc $KLAR

Walmart Inc. bought a new stake in shares of Klarna Group plc (NYSE:KLAR) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 2,400,000 shares of the company’s stock, valued at approximately $87,960,000. Klarna Group comprises approximately 9.7% of Walmart Inc.’s investment portfolio, making the stock its 2nd largest position.

Separately, SG Americas Securities LLC purchased a new position in Klarna Group during the 3rd quarter valued at $868,000.

Klarna Group Stock Performance

Shares of KLAR opened at $31.44 on Monday. The company has a market cap of $22.57 billion and a PE ratio of -48.36. The stock has a 50 day moving average of $31.64. Klarna Group plc has a 52 week low of $27.90 and a 52 week high of $57.20.

Analyst Ratings Changes

Several equities research analysts have recently commented on KLAR shares. Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. JPMorgan Chase & Co. lowered their price objective on shares of Klarna Group from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Zacks Research upgraded Klarna Group to a “hold” rating in a report on Tuesday, October 7th. Wolfe Research lowered their target price on Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Finally, Wedbush started coverage on Klarna Group in a research note on Monday, October 6th. They issued an “outperform” rating and a $50.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Klarna Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.60.

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.