Russell Investments Group Ltd. Makes New $606,000 Investment in Klarna Group plc $KLAR

Russell Investments Group Ltd. acquired a new stake in Klarna Group plc (NYSE:KLAR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 29,945 shares of the company’s stock, valued at approximately $606,000.

A number of other institutional investors have also made changes to their positions in KLAR. Commonwealth Bank of Australia purchased a new position in shares of Klarna Group in the fourth quarter valued at $503,243,000. Wellington Management Group LLP purchased a new stake in Klarna Group during the 3rd quarter worth $348,834,000. Scge Management L.P. purchased a new stake in Klarna Group during the 3rd quarter worth $193,018,000. MIC Capital Management UK LLP acquired a new position in Klarna Group in the 3rd quarter worth $99,502,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Klarna Group in the 4th quarter valued at about $72,323,000.

Klarna Group Stock Up 0.7%

Shares of KLAR stock opened at $20.82 on Friday. The company has a market cap of $7.86 billion and a P/E ratio of -40.05. The business has a 50 day moving average of $18.90 and a two-hundred day moving average of $16.92. Klarna Group plc has a 52 week low of $12.06 and a 52 week high of $57.20.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, topping 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%.The business’s quarterly revenue was up 42.7% on a year-over-year basis. Analysts expect that Klarna Group plc will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KLAR. Wells Fargo & Company dropped their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft increased their price target on Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. The Goldman Sachs Group lifted their price objective on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Freedom Capital raised Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings lowered shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.28.

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.