514,788 Shares in Klarna Group plc $KLAR Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of Klarna Group plc (NYSE:KLAR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 514,788 shares of the company’s stock, valued at approximately $14,883,000. Ilmarinen Mutual Pension Insurance Co owned 0.07% of Klarna Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of KLAR. SC US Ttgp LTD. acquired a new position in shares of Klarna Group during the 3rd quarter valued at $2,016,821,000. Wellington Management Group LLP acquired a new position in shares of Klarna Group in the 3rd quarter worth $348,834,000. Scge Management L.P. acquired a new position in shares of Klarna Group in the 3rd quarter worth $193,018,000. HarbourVest Partners LLC acquired a new position in shares of Klarna Group in the 3rd quarter worth $184,105,000. Finally, Technology Crossover Management X Ltd. acquired a new position in shares of Klarna Group in the 3rd quarter worth $140,910,000.

Klarna Group Trading Up 1.2%

Shares of Klarna Group stock opened at $17.45 on Friday. The company has a market cap of $6.59 billion and a P/E ratio of -33.56. Klarna Group plc has a 1 year low of $12.06 and a 1 year high of $57.20. The stock has a 50-day moving average price of $14.29 and a 200 day moving average price of $21.54.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data 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 company’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities analysts forecast that Klarna Group plc will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KLAR. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America lifted 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. UBS Group decreased their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Keefe, Bruyette & Woods raised their target price on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Weiss Ratings downgraded Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.24.

About Klarna Group

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.