Moore Capital Management LP Buys Shares of 994,320 Klarna Group plc $KLAR

Moore Capital Management LP bought a new stake in Klarna Group plc (NYSE:KLAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 994,320 shares of the company’s stock, valued at approximately $28,746,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KLAR. Jones Financial Companies Lllp acquired a new position in Klarna Group in the third quarter valued at about $46,000. BIT Capital GmbH acquired a new position in Klarna Group in the third quarter valued at about $37,000. WT Asset Management Ltd acquired a new position in Klarna Group in the third quarter valued at about $2,016,000. TD Asset Management Inc acquired a new position in Klarna Group in the third quarter valued at about $4,867,000. Finally, MAI Capital Management acquired a new position in Klarna Group in the third quarter valued at about $64,000.

Klarna Group Price Performance

KLAR stock opened at $17.88 on Thursday. The stock has a market capitalization of $6.75 billion and a P/E ratio of -34.38. The business has a 50-day moving average of $15.43 and a 200-day moving average of $20.01. Klarna Group plc has a fifty-two week low of $12.06 and a fifty-two week high of $57.20.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. Equities analysts expect that Klarna Group plc will post 0.04 EPS for the current year.

Analyst Ratings Changes

KLAR has been the subject of a number of research analyst reports. TD Cowen initiated coverage on Klarna Group in a research note on Monday, May 11th. They issued a “hold” rating and a $16.00 target price for the company. Morgan Stanley upped their price objective on Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Wells Fargo & Company reduced their price objective on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. JPMorgan Chase & Co. reduced their price objective on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Finally, BMO Capital Markets upped their price objective on Klarna Group from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.24.

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.