Pictet Asset Management Holding SA Buys Shares of 1,441,675 Klarna Group plc $KLAR

Pictet Asset Management Holding SA acquired a new stake in Klarna Group plc (NYSE:KLAR) in the first quarter, HoldingsChannel reports. The firm acquired 1,441,675 shares of the company’s stock, valued at approximately $18,872,000.

A number of other hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA lifted its position in Klarna Group by 43.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock worth $48,000 after buying an additional 500 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Klarna Group by 44.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock worth $48,000 after acquiring an additional 509 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Klarna Group by 19.6% in 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 grew its holdings in Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares during the period. Finally, US Bancorp DE purchased a new stake in Klarna Group in the third quarter valued at approximately $30,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KLAR. Freedom Capital raised Klarna Group to a “strong-buy” rating in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods raised their price objective on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Weiss Ratings lowered Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Bank of America boosted their target price on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, BMO Capital Markets raised their price target on shares of Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Klarna Group has an average rating of “Moderate Buy” and a consensus target price of $33.35.

Klarna Group News Roundup

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

• Positive Sentiment: Klarna won nearly $2 billion in damages in its antitrust case against Google, which could materially strengthen the company’s balance sheet and boost sentiment around the stock. Klarna wins $2B Google antitrust case
• Positive Sentiment: Multiple reports highlighted the verdict as a significant antitrust victory and noted that KLAR shares rose sharply as investors priced in the benefit of the award. Google Must Pay Nearly $2 Billion to Klarna in Antitrust Case
• Neutral Sentiment: Citizens JMP initiated coverage on Klarna with a “market perform” rating, suggesting a cautious but not bearish view from one analyst firm. Klarna Group is now covered by Citizens Jmp
• Neutral Sentiment: Zacks published a comparison piece on KLAR versus PagSeguro, which is more of a valuation discussion than a direct stock-moving catalyst. PAGS or KLAR: Which Is the Better Value Stock Right Now?

Klarna Group Price Performance

NYSE:KLAR opened at $20.48 on Thursday. The business’s 50-day moving average is $16.46 and its two-hundred day moving average is $19.17. The firm has a market capitalization of $7.73 billion and a PE ratio of -39.38. Klarna Group plc has a 12 month low of $12.06 and a 12 month high of $57.20.

Klarna Group (NYSE:KLAR) last posted its earnings results 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 firm’s revenue for the quarter was up 42.7% on a year-over-year basis. Equities analysts anticipate that Klarna Group plc will post 0.04 EPS for the current year.

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.