DNB Asset Management AS Invests $18.46 Million in Klarna Group plc $KLAR

DNB Asset Management AS bought a new stake in Klarna Group plc (NYSE:KLAR) during the third quarter, HoldingsChannel.com reports. The fund bought 503,801 shares of the company’s stock, valued at approximately $18,464,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST acquired a new stake in Klarna Group during the third quarter valued at approximately $115,753,000. Walmart Inc. acquired a new stake in Klarna Group in the 3rd quarter valued at $87,960,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Klarna Group in the third quarter valued at $19,406,000. WCM Investment Management LLC acquired a new position in Klarna Group during the third quarter worth $16,040,000. Finally, TD Asset Management Inc bought a new position in shares of Klarna Group during the third quarter valued at $4,867,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. Wolfe Research dropped their price objective on shares of Klarna Group from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Wall Street Zen downgraded Klarna Group from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Wells Fargo & Company dropped their price target on Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Finally, Morgan Stanley cut their price objective on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Klarna Group has an average rating of “Moderate Buy” and an average target price of $40.00.

Klarna Group Price Performance

KLAR opened at $13.58 on Friday. The company has a market capitalization of $9.75 billion and a PE ratio of -17.64. The firm’s 50 day moving average is $24.39. Klarna Group plc has a one year low of $12.50 and a one year high of $57.20.

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.