Vontobel Holding Ltd. Purchases 163,261 Shares of Klarna Group plc $KLAR

Vontobel Holding Ltd. raised its position in shares of Klarna Group plc (NYSE:KLAR) by 298.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 218,045 shares of the company’s stock after acquiring an additional 163,261 shares during the period. Vontobel Holding Ltd.’s holdings in Klarna Group were worth $4,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Global Retirement Partners LLC grew its position in Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after acquiring an additional 800 shares during the last quarter. Leonteq Securities AG bought a new position in Klarna Group in the 4th quarter valued at $29,000. US Bancorp DE acquired a new position in Klarna Group in the third quarter worth $30,000. CWM LLC grew its holdings in shares of Klarna Group by 172.9% during the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Klarna Group by 44.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock worth $48,000 after purchasing an additional 509 shares during the last quarter.

Klarna Group Trading Up 0.7%

Shares of NYSE KLAR opened at $20.82 on Friday. The firm has a market capitalization of $7.86 billion and a PE ratio of -40.05. Klarna Group plc has a 1 year low of $12.06 and a 1 year high of $57.20. The firm’s 50-day moving average is $18.90 and its 200-day moving average is $16.92.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 42.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Klarna Group plc will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays initiated coverage on Klarna Group in a report on Wednesday, July 8th. They issued an “equal weight” rating and a $20.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Klarna Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Freedom Capital upgraded shares of Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. The Goldman Sachs Group boosted their target price on shares of Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, BMO Capital Markets increased their price target on shares of Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.