Moore Capital Management LP Sells 84,400 Shares of Klarna Group plc $KLAR

Moore Capital Management LP decreased its position in shares of Klarna Group plc (NYSE:KLAR) by 16.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 418,800 shares of the company’s stock after selling 84,400 shares during the period. Moore Capital Management LP’s holdings in Klarna Group were worth $8,477,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KLAR. Alyeska Investment Group L.P. bought a new stake in Klarna Group during the second quarter worth $11,848,000. Wedbush Securities Inc. bought a new stake in shares of Klarna Group during the 2nd quarter worth $258,000. Hsbc Holdings PLC acquired a new stake in Klarna Group in the second quarter valued at about $242,000. Public Employees Retirement System of Ohio acquired a new position in Klarna Group during the second quarter worth about $368,000. Finally, BlackRock Inc. lifted its holdings in shares of Klarna Group by 89.6% in the second quarter. BlackRock Inc. now owns 5,698,353 shares of the company’s stock worth $115,335,000 after acquiring an additional 2,693,374 shares during the last quarter.

Klarna Group Stock Up 0.5%

KLAR stock opened at $14.27 on Monday. The firm has a market cap of $5.39 billion and a price-to-earnings ratio of -38.57. The company’s fifty day simple moving average is $18.43 and its 200 day simple moving average is $16.30. Klarna Group plc has a 12-month low of $12.06 and a 12-month high of $57.20.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $992.56 million. The firm’s revenue was up 26.6% on a year-over-year basis. Research analysts expect that Klarna Group plc will post -0.01 earnings per share for the current year.

Insider Buying and Selling

In other Klarna Group news, CEO Sebastian Siemiatkowski bought 692,506 shares of the stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of $14.37 per share, for a total transaction of $9,951,311.22. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

More Klarna Group News

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Zacks Research lowered shares of Klarna Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Freedom Capital upgraded Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. Bank of America boosted their price objective on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Wolfe Research cut Klarna Group from an “outperform” rating to a “peer perform” rating in a report on Tuesday, August 25th. Finally, The Goldman Sachs Group increased their target price on Klarna Group from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.39.

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.