Boothbay Fund Management LLC Makes New $2.72 Million Investment in Klarna Group plc $KLAR

Key Points

• Boothbay Fund Management bought a new position of 74,189 shares in Klarna Group (NYSE:KLAR) in Q3, valued at approximately $2.72 million.
• Other institutions also accumulated stakes—most notably Walmart acquired a new position worth about $87.96 million, while Sumitomo Mitsui and several asset managers added smaller but material holdings.
• Analyst views are mixed: MarketBeat shows a consensus of "Moderate Buy" with an average target of $38.33, but major banks (Morgan Stanley, JPMorgan, UBS) recently cut targets to the ~$20–$23 range; the stock opened around $14.95 and was down about 6.1%.

Boothbay Fund Management LLC purchased a new position in Klarna Group plc (NYSE:KLAR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 74,189 shares of the company's stock, valued at approximately $2,719,000.

Several other institutional investors and hedge funds have also made changes to their positions in KLAR. Robeco Institutional Asset Management B.V. purchased a new position in Klarna Group in the 3rd quarter worth $2,199,000. SG Americas Securities LLC purchased a new position in shares of Klarna Group in the third quarter worth about $868,000. Walmart Inc. acquired a new stake in shares of Klarna Group during the third quarter worth about $87,960,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Klarna Group during the third quarter worth about $19,406,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Klarna Group in the third quarter valued at approximately $295,000.

Wall Street Analyst Weigh In

KLAR has been the subject of a number of recent research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Klarna Group in a research report on Monday, December 29th. Morgan Stanley dropped their price objective 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. Bank of America started coverage on shares of Klarna Group in a report on Thursday, March 5th. They set a "buy" rating and a $21.00 target price for the company. JPMorgan Chase & Co. decreased 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. Finally, UBS Group lowered their price target 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. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Klarna Group presently has a consensus rating of "Moderate Buy" and an average price target of $38.33.

Klarna Group Trading Down 6.1%

Klarna Group stock opened at $14.95 on Tuesday. The stock has a market cap of $10.73 billion and a price-to-earnings ratio of -19.41. Klarna Group plc has a 12 month low of $12.50 and a 12 month high of $57.20. The stock has a 50 day moving average of $21.04.

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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