Saxon Interests Inc. Acquires Shares of 48,092 Klarna Group plc $KLAR

Saxon Interests Inc. bought a new stake in shares of Klarna Group plc (NYSE:KLAR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 48,092 shares of the company’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KLAR. Pictet Asset Management Holding SA bought a new position in Klarna Group during the first quarter valued at about $18,872,000. Wesbanco Bank Inc. purchased a new position in Klarna Group in the first quarter valued at about $615,000. Banque Cantonale Vaudoise grew its position in shares of Klarna Group by 176.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 7,197 shares of the company’s stock valued at $94,000 after acquiring an additional 4,595 shares during the period. SG Americas Securities LLC increased its stake in shares of Klarna Group by 761.2% during the 1st quarter. SG Americas Securities LLC now owns 149,664 shares of the company’s stock worth $1,959,000 after purchasing an additional 132,286 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Klarna Group in the 4th quarter worth approximately $72,323,000.

Key Klarna Group News

Here are the key news stories impacting Klarna Group this week:

• Positive Sentiment: Klarna announced a long-term partnership with Southwest Airlines to offer flexible payment options for airfare purchases, expanding its buy now, pay later reach into travel and potentially boosting future payment volume. Klarna lands Southwest Airlines, bringing flexible payments to millions of US travelers this fall
• Positive Sentiment: The company applied for a U.S. banking charter through the FDIC and Utah regulators, a move that could give Klarna more control over funding, product offerings, and its long-term banking model if approved. Klarna seeks U.S. bank charter in latest push beyond buy now, pay later
• Positive Sentiment: Investor interest in mobile payments and cashless commerce remains supportive for Klarna, with recent sector coverage naming KLAR among potential beneficiaries of accelerating digital payment adoption. Top Mobile Payments Stocks to Buy as Cashless Commerce Accelerates
• Neutral Sentiment: TD Cowen raised its price target on Klarna to $19 from $17, but kept a hold rating, suggesting limited near-term upside despite improved valuation expectations.

Analysts Set New Price Targets

Several equities analysts have weighed in on KLAR shares. Bank of America increased their price objective on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 18th. Freedom Capital raised Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods increased their price target on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. TD Cowen boosted their price objective on Klarna Group from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Morgan Stanley upped their price objective on shares of Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.29.

Klarna Group Price Performance

Klarna Group stock opened at $19.44 on Wednesday. The firm has a market capitalization of $7.34 billion and a P/E ratio of -37.38. Klarna Group plc has a one year low of $12.06 and a one year high of $57.20. The business has a fifty day moving average price of $16.89 and a 200-day moving average price of $18.87.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 42.7% on a year-over-year basis. Sell-side analysts expect that Klarna Group plc will post 0.04 earnings per share for the current fiscal year.

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.