2,501,675 Shares in Klarna Group plc $KLAR Purchased by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Klarna Group plc (NYSE:KLAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,501,675 shares of the company’s stock, valued at approximately $72,323,000. Klarna Group accounts for 7.8% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 2nd largest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.35% of Klarna Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Global Retirement Partners LLC grew its position in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Klarna Group during the fourth quarter valued at approximately $29,000. US Bancorp DE purchased a new stake in Klarna Group in the third quarter worth $30,000. BIT Capital GmbH bought a new stake in Klarna Group in the third quarter valued at $37,000. Finally, Allworth Financial LP bought a new stake in Klarna Group in the third quarter valued at $37,000.

Analyst Upgrades and Downgrades

KLAR has been the subject of several research reports. The Goldman Sachs Group upped their price objective on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Bank of America lifted their target price on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. BMO Capital Markets increased their price target on shares of Klarna Group from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Friday, May 15th. TD Cowen initiated coverage on shares of Klarna Group in a report on Monday, May 11th. They issued a “hold” rating and a $16.00 price objective for the company. Finally, UBS Group cut their price objective on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.24.

Klarna Group Trading Down 0.6%

NYSE KLAR opened at $18.72 on Friday. Klarna Group plc has a 12 month low of $12.06 and a 12 month high of $57.20. The stock has a market cap of $7.07 billion and a P/E ratio of -36.00. The stock’s fifty day moving average price is $15.65 and its 200-day moving average price is $19.92.

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

About Klarna Group

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.