Ilmarinen Mutual Pension Insurance Co Takes Position in Klarna Group plc $KLAR

Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of Klarna Group plc (NYSE:KLAR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 514,788 shares of the company’s stock, valued at approximately $14,883,000.

A number of other hedge funds have also made changes to their positions in KLAR. Global Retirement Partners LLC lifted its position in shares of 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 purchasing an additional 800 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Klarna Group during the 4th quarter worth about $29,000. US Bancorp DE acquired a new position in shares of Klarna Group during the 3rd quarter worth about $30,000. BIT Capital GmbH acquired a new position in shares of Klarna Group during the 3rd quarter worth about $37,000. Finally, Allworth Financial LP acquired a new position in shares of Klarna Group during the 3rd quarter worth about $37,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KLAR shares. Wells Fargo & Company cut their price objective on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. TD Cowen started coverage on Klarna Group in a research report on Monday, May 11th. They set a “hold” rating and a $16.00 price objective for the company. Weiss Ratings cut Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. cut their price objective on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Finally, Bank of America boosted their price objective on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.24.

Klarna Group Trading Up 1.2%

Shares of NYSE:KLAR opened at $17.45 on Friday. Klarna Group plc has a 1-year low of $12.06 and a 1-year high of $57.20. The firm has a market capitalization of $6.59 billion and a PE ratio of -33.56. The business’s 50 day moving average is $14.29 and its 200-day moving average is $21.54.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping 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 revenue for the quarter was up 42.7% compared to the same quarter last year. On average, sell-side analysts predict that Klarna Group plc will post 0.04 EPS for the current 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.