Klarna Group plc $KLAR is Bienville Capital Management LLC's 10th Largest Position

Key Points

• Bienville Capital Management cut its Klarna position by 21.2% in the second quarter, selling 295,038 shares. Klarna remains the fund’s 10th-largest holding, representing 3.0% of its portfolio and approximately $22.2 million in value.
• Klarna reported quarterly EPS of $0.01, beating estimates for a $0.06 loss, while revenue reached $1.04 billion, up 26.6% year over year. Despite the growth, the company posted negative net margins and return on equity.
• Analyst sentiment is cautious: Klarna has a consensus “Hold” rating and an average price target of $29.05, while several firms recently lowered their targets. CEO Sebastian Siemiatkowski bought 692,506 shares worth nearly $10 million at an average price of $14.37.

Bienville Capital Management LLC lowered its holdings in shares of Klarna Group plc (NYSE:KLAR - Free Report) by 21.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,094,995 shares of the company's stock after selling 295,038 shares during the period. Klarna Group comprises 3.0% of Bienville Capital Management LLC's portfolio, making the stock its 10th largest holding. Bienville Capital Management LLC owned approximately 0.29% of Klarna Group worth $22,163,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KLAR. Global Retirement Partners LLC raised its position in shares of Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company's stock worth $26,000 after purchasing an additional 800 shares during the last quarter. Leonteq Securities AG purchased a new stake in Klarna Group in the 4th quarter valued at approximately $29,000. US Bancorp DE acquired a new stake in Klarna Group during the 3rd quarter valued at $30,000. Integrated Wealth Concepts LLC purchased a new position in Klarna Group during the second quarter worth $35,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Klarna Group in the fourth quarter worth $75,000.

Klarna Group Stock Down 2.6%

Shares of NYSE:KLAR opened at $13.89 on Thursday. The company has a market cap of $5.24 billion and a P/E ratio of -37.55. The business has a fifty day simple moving average of $17.64 and a 200-day simple moving average of $16.09. Klarna Group plc has a 52 week low of $12.06 and a 52 week high of $57.20.

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. TD Cowen decreased their price objective on Klarna Group from $19.00 to $18.00 and set a "hold" rating on the stock in a research note on Wednesday, August 19th. Weiss Ratings reissued a "sell (e+)" rating on shares of Klarna Group in a research note on Thursday, August 13th. Wolfe Research lowered shares of Klarna Group from an "outperform" rating to a "peer perform" rating in a report on Tuesday, August 25th. Wells Fargo & Company lowered their price target on shares of Klarna Group from $26.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, August 19th. Finally, Barclays cut their price objective on shares of Klarna Group from $20.00 to $16.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Klarna Group presently has a consensus rating of "Hold" and an average price target of $29.05.

Insider Buying and Selling at Klarna Group

In related news, CEO Sebastian Siemiatkowski bought 692,506 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $14.37 per share, with a total value of $9,951,311.22. Following the completion of the transaction, the chief executive officer owned 25,344,322 shares of the company's stock, valued at approximately $364,197,907.14. The trade was a 2.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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.

Want to see what other hedge funds are holding KLAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Klarna Group plc (NYSE:KLAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.