State of Wyoming Invests $916,000 in Klarna Group plc $KLAR

State of Wyoming acquired a new stake in Klarna Group plc (NYSE:KLAR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 31,676 shares of the company’s stock, valued at approximately $916,000.

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

Klarna Group Trading Down 2.6%

KLAR stock opened at $17.07 on Thursday. Klarna Group plc has a 1-year low of $12.06 and a 1-year high of $57.20. The firm has a market cap of $6.44 billion and a PE ratio of -32.82. The business’s 50-day moving average price is $14.66 and its two-hundred day moving average price is $21.01.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 42.7% on a year-over-year basis. On average, analysts forecast that Klarna Group plc will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. UBS Group decreased their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. BMO Capital Markets increased their price target on shares of Klarna Group from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. Weiss Ratings lowered shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Klarna Group presently has an average rating of “Moderate Buy” and a consensus price target of $33.24.

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.