103,490 Shares in Klarna Group plc $KLAR Acquired by Capital Research Global Investors

Key Points

• Capital Research Global Investors acquired a new stake of 103,490 shares in Klarna Group plc (NYSE:KLAR) during Q3, valued at about $3.79 million.
• Other large new Q3 positions include Technology Crossover Management X Ltd. (~$140.91M), WELLCOME TRUST (~$115.75M) and Walmart Inc. (~$87.96M), indicating significant institutional accumulation.
• Klarna shares are down 11% (opened at $14.62) with a market cap of $10.49B; analysts show a consensus rating of “Moderate Buy” and an average price target of $38.33 despite several recent target cuts.

Capital Research Global Investors acquired a new stake in Klarna Group plc (NYSE:KLAR - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 103,490 shares of the company's stock, valued at approximately $3,793,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Technology Crossover Management X Ltd. purchased a new position in shares of Klarna Group in the third quarter worth $140,910,000. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST bought a new stake in Klarna Group in the 3rd quarter worth about $115,753,000. Walmart Inc. bought a new stake in Klarna Group in the 3rd quarter worth about $87,960,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Klarna Group in the 3rd quarter worth about $19,406,000. Finally, Russell Investments Group Ltd. bought a new position in Klarna Group during the 3rd quarter valued at about $19,272,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KLAR shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Klarna Group in a research note on Monday, December 29th. Wolfe Research dropped their target price on shares of Klarna Group from $50.00 to $45.00 and set an "outperform" rating on the stock in a report on Wednesday, November 19th. JPMorgan Chase & Co. cut their target price on shares of Klarna Group from $40.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, February 20th. Wells Fargo & Company decreased their target price on shares of Klarna Group from $45.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, February 20th. Finally, Wall Street Zen raised Klarna Group from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.33.

Klarna Group Stock Down 11.0%

Shares of NYSE:KLAR opened at $14.62 on Friday. The business has a 50 day simple moving average of $21.58. Klarna Group plc has a twelve month low of $12.50 and a twelve month high of $57.20. The company has a market cap of $10.49 billion and a PE ratio of -18.98.

Klarna Group 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.

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