Russell Investments Group Ltd. Takes Position in Klarna Group plc $KLAR

Russell Investments Group Ltd. acquired a new stake in Klarna Group plc (NYSE:KLAR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 29,945 shares of the company’s stock, valued at approximately $606,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KLAR. TD Waterhouse Canada Inc. lifted its holdings in shares of Klarna Group by 44.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after purchasing an additional 509 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Klarna Group by 19.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock worth $117,000 after acquiring an additional 665 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares during the period. US Bancorp DE purchased a new stake in Klarna Group in the 3rd quarter valued at $30,000. Finally, SBI Securities Co. Ltd. boosted its stake in Klarna Group by 42.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,891 shares of the company’s stock worth $84,000 after purchasing an additional 856 shares during the period.

Klarna Group Stock Performance

Klarna Group stock opened at $20.82 on Friday. The company has a market cap of $7.86 billion and a price-to-earnings ratio of -40.05. The firm has a 50 day moving average price of $18.90 and a 200 day moving average price of $16.92. Klarna Group plc has a 1 year low of $12.06 and a 1 year 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 company’s revenue was up 42.7% on a year-over-year basis. Sell-side analysts predict that Klarna Group plc will post 0.05 EPS for the current year.

Analysts Set New Price Targets

KLAR has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Klarna Group from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Keefe, Bruyette & Woods increased their price objective on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. UBS Group upped their price target on shares of Klarna Group from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley raised their price objective on shares of Klarna Group from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Klarna Group has an average rating of “Moderate Buy” and an average target price of $32.28.

Klarna Group Company 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.