Pictet Asset Management Holding SA Invests $18.87 Million in Klarna Group plc $KLAR

Pictet Asset Management Holding SA bought a new stake in Klarna Group plc (NYSE:KLAR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,441,675 shares of the company’s stock, valued at approximately $18,872,000. Pictet Asset Management Holding SA owned 0.38% of Klarna Group at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. TD Asset Management Inc purchased a new position in Klarna Group during the 3rd quarter worth $4,867,000. MAI Capital Management acquired a new position in shares of Klarna Group in the third quarter valued at approximately $64,000. US Bancorp DE acquired a new stake in shares of Klarna Group during the third quarter worth $30,000. Teachers Retirement System of The State of Kentucky acquired a new position in Klarna Group in the 3rd quarter valued at $4,115,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Klarna Group in the 3rd quarter worth $16,922,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KLAR shares. Citizens Jmp started coverage on Klarna Group in a research report on Tuesday. They set a “market perform” rating on the stock. Wells Fargo & Company decreased their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Freedom Capital upgraded shares of Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. Bank of America boosted their price objective on shares of Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.35.

Key Klarna Group News

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

• Positive Sentiment: Klarna won nearly $2 billion in damages in its antitrust case against Google, which could materially strengthen the company’s balance sheet and boost sentiment around the stock. Klarna wins $2B Google antitrust case
• Positive Sentiment: Multiple reports highlighted the verdict as a significant antitrust victory and noted that KLAR shares rose sharply as investors priced in the benefit of the award. Google Must Pay Nearly $2 Billion to Klarna in Antitrust Case
• Neutral Sentiment: Citizens JMP initiated coverage on Klarna with a “market perform” rating, suggesting a cautious but not bearish view from one analyst firm. Klarna Group is now covered by Citizens Jmp
• Neutral Sentiment: Zacks published a comparison piece on KLAR versus PagSeguro, which is more of a valuation discussion than a direct stock-moving catalyst. PAGS or KLAR: Which Is the Better Value Stock Right Now?

Klarna Group Stock Up 1.2%

Klarna Group stock opened at $20.48 on Thursday. The firm has a market capitalization of $7.73 billion and a PE ratio of -39.38. Klarna Group plc has a 52 week low of $12.06 and a 52 week high of $57.20. The firm’s 50-day simple moving average is $16.46 and its 200 day simple moving average is $19.17.

Klarna Group (NYSE:KLAR) last announced its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. The company’s revenue for the quarter was up 42.7% on a year-over-year basis. On average, research analysts expect that Klarna Group plc will post 0.04 EPS 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.