Bastion Asset Management Inc. Invests $5.32 Million in Klarna Group plc $KLAR

Bastion Asset Management Inc. purchased a new stake in Klarna Group plc (NYSE:KLAR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 391,024 shares of the company’s stock, valued at approximately $5,318,000. Klarna Group makes up 1.6% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 29th largest holding.

Several other large investors have also recently bought and sold shares of KLAR. Commonwealth Bank of Australia acquired a new stake in shares of Klarna Group in the 4th quarter valued at $503,243,000. Wellington Management Group LLP acquired a new stake in Klarna Group in the third quarter worth about $348,834,000. Scge Management L.P. bought a new stake in Klarna Group during the 3rd quarter worth about $193,018,000. MIC Capital Management UK LLP acquired a new position in Klarna Group during the 3rd quarter valued at about $99,502,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Klarna Group during the 4th quarter worth approximately $72,323,000.

Klarna Group Trading Down 1.7%

KLAR stock opened at $19.24 on Friday. Klarna Group plc has a 1-year low of $12.06 and a 1-year high of $57.20. The firm has a market cap of $7.26 billion and a PE ratio of -37.00. The business’s 50-day moving average price is $17.65 and its two-hundred day moving average price is $18.32.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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. On average, analysts forecast that Klarna Group plc will post 0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KLAR. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America increased their price target on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Zacks Research upgraded Klarna Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Freedom Capital upgraded Klarna Group to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, Wells Fargo & Company lowered their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Klarna Group currently has an average rating of “Moderate Buy” and a consensus price target of $32.11.

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.