Investors Purchase Large Volume of Klarna Group Call Options (NYSE:KLAR)

Klarna Group plc (NYSE:KLARGet Free Report) was the target of unusually large options trading on Tuesday. Traders purchased 64,250 call options on the stock. This represents an increase of 1,251% compared to the typical daily volume of 4,756 call options.

Klarna Group Price Performance

NYSE:KLAR traded up $1.14 during trading hours on Tuesday, reaching $19.25. 4,138,391 shares of the company traded hands, compared to its average volume of 3,163,552. Klarna Group has a 1 year low of $17.74 and a 1 year high of $57.20. The firm has a market capitalization of $13.82 billion and a PE ratio of -29.62. The firm has a 50-day moving average price of $27.26.

Key Stories Impacting Klarna Group

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

Hedge Funds Weigh In On Klarna Group

A number of hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC lifted its holdings in shares of Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after buying an additional 800 shares during the period. Leonteq Securities AG bought a new position in shares of Klarna Group in the fourth quarter worth about $29,000. US Bancorp DE bought a new position in shares of Klarna Group during the 3rd quarter valued at approximately $30,000. BIT Capital GmbH bought a new stake in shares of Klarna Group during the 3rd quarter valued at $37,000. Finally, Allworth Financial LP bought a new position in Klarna Group in the 3rd quarter worth $37,000.

Analysts Set New Price Targets

Several brokerages have weighed in on KLAR. Bank of America dropped their price target on shares of Klarna Group from $51.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. JPMorgan Chase & Co. cut their target price on Klarna Group from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Morgan Stanley reduced their target price on Klarna Group from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Klarna Group from $52.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, January 2nd. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Klarna Group currently has an average rating of “Moderate Buy” and a consensus target price of $46.60.

Get Our Latest Analysis on Klarna Group

About Klarna Group

(Get Free Report)

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.

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