Capital Research Global Investors Invests $3.79 Million in Klarna Group plc $KLAR

Capital Research Global Investors bought a new position in Klarna Group plc (NYSE:KLAR) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 103,490 shares of the company’s stock, valued at approximately $3,793,000.

Several other hedge funds have also bought and sold shares of KLAR. Walmart Inc. bought a new position in shares of Klarna Group in the third quarter worth about $87,960,000. WCM Investment Management LLC bought a new position in shares of Klarna Group during the 3rd quarter valued at approximately $16,040,000. Robeco Institutional Asset Management B.V. purchased a new stake in Klarna Group in the 3rd quarter worth approximately $2,199,000. ARK Investment Management LLC purchased a new stake in Klarna Group in the 3rd quarter worth approximately $16,922,000. Finally, Technology Crossover Management X Ltd. bought a new stake in Klarna Group during the 3rd quarter worth approximately $140,910,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KLAR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Keefe, Bruyette & Woods dropped their target price on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Wolfe Research decreased their price target on Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.33.

Klarna Group Stock Performance

Klarna Group stock opened at $14.62 on Friday. Klarna Group plc has a 1 year low of $12.50 and a 1 year high of $57.20. The firm’s 50 day moving average is $21.58. The company has a market capitalization of $10.49 billion and a PE ratio of -18.98.

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.