Teachers Retirement System of The State of Kentucky Acquires Shares of 112,267 Klarna Group plc $KLAR

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Klarna Group plc (NYSE:KLAR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 112,267 shares of the company’s stock, valued at approximately $4,115,000.

Other institutional investors also recently modified their holdings of the company. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST bought a new position in Klarna Group during the third quarter worth about $115,753,000. Walmart Inc. acquired a new position in shares of Klarna Group during the 3rd quarter worth approximately $87,960,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Klarna Group during the third quarter worth approximately $19,406,000. DNB Asset Management AS acquired a new stake in shares of Klarna Group in the third quarter valued at approximately $18,464,000. Finally, WCM Investment Management LLC acquired a new stake in Klarna Group during the third quarter worth approximately $16,040,000.

Klarna Group Stock Up 1.7%

Shares of KLAR opened at $13.61 on Thursday. Klarna Group plc has a 52 week low of $12.50 and a 52 week high of $57.20. The company has a market cap of $9.77 billion and a PE ratio of -17.68. The firm has a fifty day moving average price of $23.35.

Analyst Ratings Changes

KLAR has been the topic of several analyst reports. Wall Street Zen lowered Klarna Group from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. UBS Group decreased their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. Morgan Stanley reduced their price target on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Finally, Bank of America lowered their price objective on shares of Klarna Group from $51.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

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.