Saxon Interests Inc. Takes $630,000 Position in Klarna Group plc $KLAR

Saxon Interests Inc. purchased a new position in Klarna Group plc (NYSE:KLAR) during the 1st quarter, HoldingsChannel reports. The fund purchased 48,092 shares of the company’s stock, valued at approximately $630,000.

Other large investors also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia purchased a new position in Klarna Group during the fourth quarter worth about $503,243,000. Wellington Management Group LLP purchased a new position in shares of Klarna Group during the third quarter worth about $348,834,000. Scge Management L.P. purchased a new position in shares of Klarna Group during the third quarter worth about $193,018,000. HarbourVest Partners LLC bought a new position in shares of Klarna Group in the third quarter worth approximately $184,105,000. Finally, MIC Capital Management UK LLP purchased a new stake in Klarna Group in the third quarter valued at approximately $99,502,000.

Klarna Group Stock Performance

Shares of KLAR opened at $19.44 on Wednesday. Klarna Group plc has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The firm has a market cap of $7.34 billion and a price-to-earnings ratio of -37.38. The firm has a 50 day moving average price of $16.89 and a 200-day moving average price of $18.87.

Klarna Group (NYSE:KLAR) last released its earnings results on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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% compared to the same quarter last year. As a group, equities research analysts predict that Klarna Group plc will post 0.04 earnings per share for the current year.

Klarna Group News Summary

Here are the key news stories impacting Klarna Group this week:

• Positive Sentiment: Klarna announced a long-term partnership with Southwest Airlines to offer flexible payment options for airfare purchases, expanding its buy now, pay later reach into travel and potentially boosting future payment volume. Klarna lands Southwest Airlines, bringing flexible payments to millions of US travelers this fall
• Positive Sentiment: The company applied for a U.S. banking charter through the FDIC and Utah regulators, a move that could give Klarna more control over funding, product offerings, and its long-term banking model if approved. Klarna seeks U.S. bank charter in latest push beyond buy now, pay later
• Positive Sentiment: Investor interest in mobile payments and cashless commerce remains supportive for Klarna, with recent sector coverage naming KLAR among potential beneficiaries of accelerating digital payment adoption. Top Mobile Payments Stocks to Buy as Cashless Commerce Accelerates
• Neutral Sentiment: TD Cowen raised its price target on Klarna to $19 from $17, but kept a hold rating, suggesting limited near-term upside despite improved valuation expectations.

Analyst Upgrades and Downgrades

A number of research firms have commented on KLAR. Citizens Jmp assumed coverage on shares of Klarna Group in a research note on Tuesday, June 30th. They issued a “market perform” rating for the company. TD Cowen raised their price objective on shares of Klarna Group from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday. Morgan Stanley upped their target price on shares of Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. The Goldman Sachs Group increased their target price on Klarna Group from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Weiss Ratings downgraded Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Klarna Group has an average rating of “Moderate Buy” and a consensus price target of $32.29.

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.