Vontobel Holding Ltd. Has $4.41 Million Holdings in Klarna Group plc $KLAR

Vontobel Holding Ltd. grew its holdings in Klarna Group plc (NYSE:KLAR) by 298.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,045 shares of the company’s stock after acquiring an additional 163,261 shares during the quarter. Vontobel Holding Ltd. owned 0.06% of Klarna Group worth $4,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. US Bancorp DE acquired a new position in Klarna Group during the 3rd quarter valued at $30,000. Global Retirement Partners LLC grew its position in Klarna Group by 800.0% in 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 stake in Klarna Group in the 4th quarter worth $29,000. CWM LLC increased its holdings in shares of Klarna Group by 172.9% during the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the period. Finally, TD Waterhouse Canada Inc. raised its position 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 valued at $48,000 after buying an additional 509 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citizens Jmp started coverage on shares of Klarna Group in a research note on Tuesday, June 30th. They issued a “market perform” rating for the company. Barclays assumed 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. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. The Goldman Sachs Group lifted their price objective on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company lowered their price objective on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.28.

Klarna Group Stock Up 0.7%

Shares of KLAR opened at $20.82 on Friday. The company has a 50-day moving average price of $18.90 and a two-hundred day moving average price of $16.92. The stock has a market cap of $7.86 billion and a price-to-earnings ratio of -40.05. Klarna Group plc has a 12 month low of $12.06 and a 12 month high of $57.20.

Klarna Group (NYSE:KLAR) last issued its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping 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 firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. Equities research analysts expect that Klarna Group plc will post 0.05 EPS for the current fiscal 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.