Dragoneer Investment Group LLC Sells 948,142 Shares of Klarna Group plc $KLAR

Dragoneer Investment Group LLC lowered its holdings in shares of Klarna Group plc (NYSE:KLAR) by 16.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,855,622 shares of the company’s stock after selling 948,142 shares during the period. Klarna Group comprises 3.5% of Dragoneer Investment Group LLC’s portfolio, making the stock its 5th largest holding. Dragoneer Investment Group LLC’s holdings in Klarna Group were worth $98,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Renaissance Capital LLC increased its stake in shares of Klarna Group by 532.5% during the 2nd quarter. Renaissance Capital LLC now owns 103,656 shares of the company’s stock worth $2,098,000 after purchasing an additional 87,267 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Klarna Group by 173.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,043,100 shares of the company’s stock valued at $26,744,000 after buying an additional 1,297,200 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in Klarna Group during the 1st quarter valued at $1,964,000. Sumitomo Mitsui Trust Group Inc. increased its position in Klarna Group by 47.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,198,554 shares of the company’s stock worth $15,689,000 after buying an additional 385,811 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of Klarna Group by 298.0% in the second quarter. Vontobel Holding Ltd. now owns 218,045 shares of the company’s stock worth $4,413,000 after acquiring an additional 163,261 shares during the last quarter.

Klarna Group Trading Down 2.6%

Shares of Klarna Group stock opened at $13.89 on Thursday. The business’s fifty day moving average price is $17.64 and its 200 day moving average price is $16.09. Klarna Group plc has a twelve month low of $12.06 and a twelve month high of $57.20. The stock has a market capitalization of $5.24 billion and a P/E ratio of -37.55.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. The company had revenue of $1.04 billion during 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%.Klarna Group’s quarterly revenue was up 26.6% compared to the same quarter last year. As a group, sell-side analysts predict that Klarna Group plc will post -0.01 EPS for the current year.

Insider Activity

In other Klarna Group news, CEO Sebastian Siemiatkowski bought 692,506 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was purchased at an average price of $14.37 per share, with a total value of $9,951,311.22. Following the transaction, the chief executive officer owned 25,344,322 shares in the company, valued at $364,197,907.14. This trade represents a 2.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Analyst Ratings Changes

KLAR has been the topic of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on Klarna Group from $26.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, August 21st. Morgan Stanley reduced their target price on shares of Klarna Group from $21.00 to $17.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 price target (down from $22.00) on shares of Klarna Group in a report on Wednesday, August 19th. Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Zacks Research cut shares of Klarna Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.05.

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.