Teachers Retirement System of The State of Kentucky Acquires New Stake in Klarna Group plc $KLAR

Teachers Retirement System of The State of Kentucky bought a new position in shares of Klarna Group plc (NYSE:KLAR) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 112,267 shares of the company’s stock, valued at approximately $4,115,000.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Klarna Group during the third quarter worth about $2,199,000. SG Americas Securities LLC acquired a new stake in shares of Klarna Group in the third quarter valued at approximately $868,000. Walmart Inc. bought a new stake in shares of Klarna Group in the third quarter worth $87,960,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Klarna Group in the third quarter valued at $19,406,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Klarna Group during the 3rd quarter worth about $295,000.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Klarna Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Bank of America decreased their price target on Klarna Group from $51.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. UBS Group lowered their price target on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. 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 report on Friday, February 20th. Finally, Wells Fargo & Company lowered their target price on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Klarna Group Stock Performance

Shares of KLAR opened at $13.61 on Thursday. The firm has a market cap of $9.77 billion and a price-to-earnings ratio of -17.68. Klarna Group plc has a 52 week low of $12.50 and a 52 week high of $57.20. The firm has a 50-day moving average of $23.35.

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.