Deutsche Bank AG Acquires 143,615 Shares of Klarna Group plc $KLAR

Key Points

• Deutsche Bank significantly increased its Klarna stake by purchasing 143,615 additional shares in the second quarter, bringing its holdings to 146,943 shares valued at approximately $2.97 million.
• Analyst sentiment is mixed: Klarna has an overall “Hold” consensus rating and an average price target of $30.39, though Deutsche Bank and Bank of America maintain “Buy” ratings while BMO lowered its target to $15.
• Klarna reported quarterly revenue of $1.04 billion, up 26.6% year over year, and adjusted expectations by posting earnings of $0.01 per share versus the anticipated $0.06 loss. Shares opened at $14.26, near the lower end of their $12.06–$57.20 one-year range.

Deutsche Bank AG raised its holdings in shares of Klarna Group plc (NYSE:KLAR - Free Report) by 4,315.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,943 shares of the company's stock after purchasing an additional 143,615 shares during the quarter. Deutsche Bank AG's holdings in Klarna Group were worth $2,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC raised its holdings in Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company's stock valued at $26,000 after acquiring an additional 800 shares during the period. Leonteq Securities AG bought a new stake in shares of Klarna Group during the fourth quarter worth approximately $29,000. US Bancorp DE acquired a new position in shares of Klarna Group in the third quarter valued at approximately $30,000. CWM LLC increased its stake in shares of Klarna Group by 172.9% during 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, Farther Finance Advisors LLC bought a new position in shares of Klarna Group during the fourth quarter worth approximately $48,000.

Analysts Set New Price Targets

Several research analysts have weighed in on KLAR shares. Wall Street Zen upgraded Klarna Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Citizens Jmp began coverage on shares of Klarna Group in a research note on Tuesday, June 30th. They issued a "market perform" rating for the company. BMO Capital Markets cut their price objective on shares of Klarna Group from $19.00 to $15.00 and set a "market perform" rating for the company in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Klarna Group from $18.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Finally, Bank of America boosted their price target on Klarna Group from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Monday, May 18th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $30.39.

Klarna Group Price Performance

Shares of KLAR opened at $14.26 on Thursday. The firm has a 50 day simple moving average of $18.61 and a two-hundred day simple moving average of $16.39. The company has a market cap of $5.38 billion and a P/E ratio of -38.54. Klarna Group plc has a one year low of $12.06 and a one year high of $57.20.

Klarna Group (NYSE:KLAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The company reported $0.01 EPS for the quarter, topping 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 analysts' expectations of $992.56 million. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. On average, analysts expect that Klarna Group plc will post -0.01 earnings per share for the current fiscal year.

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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