Alyeska Investment Group L.P. Invests $11.85 Million in Klarna Group plc $KLAR

Key Points

• Alyeska Investment Group acquired 585,376 Klarna shares worth approximately $11.85 million, representing about 0.16% of the BNPL company.
• Klarna CEO Sebastian Siemiatkowski purchased 692,506 shares valued at nearly $9.95 million, increasing his stake by 2.81%.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $30.39 target price. Klarna reported quarterly revenue of $1.04 billion, up 26.6% year over year, and exceeded EPS expectations.

Alyeska Investment Group L.P. acquired a new stake in shares of Klarna Group plc (NYSE:KLAR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 585,376 shares of the company's stock, valued at approximately $11,848,000. Alyeska Investment Group L.P. owned about 0.16% of Klarna Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its stake in Klarna Group by 19.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company's stock valued at $117,000 after buying an additional 665 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company's stock worth $26,000 after buying an additional 800 shares during the last quarter. US Bancorp DE bought a new stake in shares of Klarna Group in the third quarter worth $30,000. SBI Securities Co. Ltd. grew its holdings in shares of Klarna Group by 42.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,891 shares of the company's stock worth $84,000 after acquiring an additional 856 shares during the period. Finally, CWM LLC increased its position in Klarna Group by 172.9% during the fourth quarter. CWM LLC now owns 1,498 shares of the company's stock valued at $43,000 after acquiring an additional 949 shares during the last quarter.

Insider Buying and Selling at Klarna Group

In other news, CEO Sebastian Siemiatkowski bought 692,506 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average price of $14.37 per share, with a total value of $9,951,311.22. Following the acquisition, the chief executive officer owned 25,344,322 shares of the company's stock, valued at approximately $364,197,907.14. This represents a 2.81% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

KLAR has been the topic of several research reports. Wall Street Zen cut Klarna Group from a "hold" rating to a "sell" rating in a research report on Saturday. Barclays lowered their price objective on shares of Klarna Group from $20.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 19th. The Goldman Sachs Group raised their price objective on shares of Klarna Group from $21.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Morgan Stanley cut their target price on shares of Klarna Group from $21.00 to $17.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 19th. Finally, Citizens Jmp initiated coverage on shares of Klarna Group in a research report on Tuesday, June 30th. They issued a "market perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.39.

Klarna Group Stock Up 3.3%

NYSE KLAR opened at $14.67 on Tuesday. 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 $5.54 billion and a P/E ratio of -39.65. The stock's 50-day moving average price is $18.36 and its 200-day moving average price is $16.26.

Klarna Group (NYSE:KLAR - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. Klarna Group had a negative return on equity of 5.39% and a negative net margin of 3.54%.The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $992.56 million. The firm's revenue for the quarter was up 26.6% on a year-over-year basis. Research analysts anticipate that Klarna Group plc will post -0.01 EPS for the current year.

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.

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