Sumitomo Mitsui Trust Group Inc. Has $15.69 Million Stock Holdings in Klarna Group plc $KLAR

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Klarna Group plc (NYSE:KLAR) by 47.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,198,554 shares of the company’s stock after purchasing an additional 385,811 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Klarna Group were worth $15,689,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new stake in Klarna Group during the third quarter valued at about $5,681,000. Robeco Institutional Asset Management B.V. increased its position in shares of Klarna Group by 150.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 150,000 shares of the company’s stock worth $4,336,000 after acquiring an additional 90,000 shares in the last quarter. Luxor Capital Group LP purchased a new position in shares of Klarna Group in the third quarter worth approximately $13,327,000. UBS Group AG raised its holdings in shares of Klarna Group by 32.9% during the fourth quarter. UBS Group AG now owns 1,376,248 shares of the company’s stock valued at $39,787,000 after acquiring an additional 340,562 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Klarna Group by 761.2% in the 1st quarter. SG Americas Securities LLC now owns 149,664 shares of the company’s stock valued at $1,959,000 after acquiring an additional 132,286 shares in the last quarter.

Klarna Group Stock Performance

Shares of KLAR opened at $19.63 on Wednesday. The company’s 50 day moving average price is $17.45 and its 200 day moving average price is $18.47. Klarna Group plc has a 52 week low of $12.06 and a 52 week high of $57.20. The company has a market capitalization of $7.41 billion and a PE ratio of -37.75.

Klarna Group (NYSE:KLAR) last released 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 net margin of 5.21% and a negative return on equity of 7.62%. Klarna Group’s revenue was up 42.7% on a year-over-year basis. On average, equities analysts forecast that Klarna Group plc will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KLAR. Zacks Research raised shares of Klarna Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Klarna Group from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. BMO Capital Markets raised their target price on Klarna Group from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 23rd. UBS Group lifted their price target on Klarna Group from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings lowered Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.11.

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.