Klarna Group plc $KLAR Shares Acquired by BlackRock Inc.

BlackRock Inc. increased its position in shares of Klarna Group plc (NYSE:KLAR - Free Report) by 89.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,698,353 shares of the company's stock after purchasing an additional 2,693,374 shares during the quarter. BlackRock Inc. owned 1.51% of Klarna Group worth $115,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE acquired a new stake in shares of Klarna Group during the third quarter worth $30,000. First Trust Advisors LP bought a new stake in shares of Klarna Group during the 3rd quarter valued at about $526,000. Russell Investments Group Ltd. acquired a new stake in Klarna Group during the third quarter worth about $19,272,000. Legal & General Group Plc acquired a new stake in Klarna Group during the third quarter worth about $148,000. Finally, Franklin Resources Inc. bought a new position in Klarna Group in the third quarter worth about $10,995,000.

Insider Buying and Selling

In related news, CEO Sebastian Siemiatkowski bought 692,506 shares of the stock in a transaction on Wednesday, August 26th. The shares were purchased at an average price of $14.37 per share, with a total value of $9,951,311.22. Following the purchase, the chief executive officer owned 25,344,322 shares in the company, valued at approximately $364,197,907.14. This represents a 2.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analyst Ratings Changes

KLAR has been the subject of several recent research reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Klarna Group in a report on Thursday, August 13th. Freedom Capital upgraded Klarna Group to a "strong-buy" rating in a research report on Wednesday, June 24th. JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 price objective (down from $22.00) on shares of Klarna Group in a research note on Wednesday, August 19th. Zacks Research lowered Klarna Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley cut their target price on Klarna Group from $21.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $30.39.

Key Headlines Impacting Klarna Group

Here are the key news stories impacting Klarna Group this week:

• Positive Sentiment: CEO makes substantial insider purchase: Chief Executive Sebastian Siemiatkowski bought 692,506 KLAR shares at an average price of $14.37, investing approximately $9.95 million. The purchase increased his ownership by 2.81% to 25.34 million shares and may support investor confidence by signaling management’s belief that the stock is undervalued. Klarna CEO Sebastian Siemiatkowski Acquires 692,506 Shares for $10 Million
• Positive Sentiment: Affirm earnings lift BNPL peers: Affirm’s stronger-than-expected fourth-quarter results improved sentiment toward the broader BNPL industry. Investors appear to be interpreting the results as evidence of resilient consumer demand and potentially favorable operating trends for Klarna. Klarna stock climbs as Affirm's Q4 beat lifts buy-now-pay-later peers
• Positive Sentiment: Reduced competitive threat from a reported PayPal deal: The BNPL relief trade broadened after reports that Stripe and Advent International abandoned a potential acquisition of PayPal valued at more than $50 billion. The development may ease concerns about a major fintech combination intensifying competition in payments and BNPL. Buy Now Pay Later Relief Trade Broadens
• Neutral Sentiment: Apple leasing strategy draws attention: Coverage of Apple and Klarna’s new leasing strategy could affect perceptions of Klarna’s partnership and product expansion, but the available report provides insufficient detail to determine the financial impact. Apple and new Klarna leasing strategy
• Negative Sentiment: Wolfe Research downgrades the stock: The firm lowered Klarna to “Peer Perform,” potentially limiting upside expectations and reinforcing caution after the stock’s sharp decline from its 12-month high. Klarna Rating Lowered to Peer Perform
• Negative Sentiment: Investor investigation announced: Pomerantz LLP is investigating potential claims on behalf of Klarna investors. Although no findings or allegations were detailed, the announcement adds legal and reputational uncertainty to KLAR. Pomerantz Investor Alert

Klarna Group Trading Up 1.9%

KLAR opened at $14.27 on Friday. The business's 50 day moving average is $18.43 and its 200-day moving average is $16.33. The stock has a market cap of $5.39 billion and a PE ratio of -38.57. Klarna Group plc has a twelve month low of $12.06 and a twelve month high of $57.20.

Klarna Group (NYSE:KLAR - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.01 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $992.56 million. Klarna Group's quarterly revenue was up 26.6% on a year-over-year basis. As a group, analysts forecast that Klarna Group plc will post -0.01 EPS for the current year.

About Klarna Group

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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