UBS Group AG Has $39.79 Million Position in Klarna Group plc $KLAR

UBS Group AG boosted its holdings in Klarna Group plc (NYSE:KLAR) by 32.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,376,248 shares of the company’s stock after buying an additional 340,562 shares during the period. UBS Group AG’s holdings in Klarna Group were worth $39,787,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Compagnie Lombard Odier SCmA lifted its holdings in Klarna Group by 43.5% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock valued at $48,000 after buying an additional 500 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in Klarna Group by 44.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after buying an additional 509 shares during the period. US Bancorp DE acquired a new position in Klarna Group in the third quarter valued at approximately $30,000. CWM LLC raised its holdings in Klarna Group by 172.9% in the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the period. Finally, BIT Capital GmbH acquired a new stake in Klarna Group in the third quarter worth $37,000.

Klarna Group Stock Up 2.9%

Shares of NYSE:KLAR opened at $14.71 on Friday. Klarna Group plc has a 12 month low of $12.06 and a 12 month high of $57.20. The company’s fifty day simple moving average is $13.90 and its 200 day simple moving average is $23.81. The firm has a market cap of $5.55 billion and a price-to-earnings ratio of -19.10.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). Klarna Group had a negative return on equity of 11.62% and a negative net margin of 8.41%.The company had revenue of $0.87 million for the quarter. The company’s revenue for the quarter was up 38.5% compared to the same quarter last year. Research analysts expect that Klarna Group plc will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KLAR has been the topic of several analyst reports. Bank of America initiated coverage on shares of Klarna Group in a report on Thursday, March 5th. They issued a “buy” rating and a $21.00 target price on the stock. UBS Group cut their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Wall Street Zen lowered shares of Klarna Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 31st. Morgan Stanley cut their target price on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.94.

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.