Deutsche Bank AG Has $2.97 Million Stake in Klarna Group plc $KLAR

Deutsche Bank AG raised its stake in shares of Klarna Group plc (NYSE:KLAR) by 4,315.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 146,943 shares of the company’s stock after purchasing an additional 143,615 shares during the period. Deutsche Bank AG’s holdings in Klarna Group were worth $2,974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Klarna Group by 19.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock worth $117,000 after acquiring an additional 665 shares during the period. Global Retirement Partners LLC lifted its position in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares during the period. US Bancorp DE acquired a new stake in shares of Klarna Group during the third quarter worth $30,000. SBI Securities Co. Ltd. lifted its holdings in Klarna Group by 42.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,891 shares of the company’s stock valued at $84,000 after buying an additional 856 shares during the period. Finally, CWM LLC boosted its position in Klarna Group by 172.9% during the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after acquiring an additional 949 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on KLAR. UBS Group lowered Klarna Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $16.00 in a research report on Monday. TD Cowen cut their target price on Klarna Group from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Wednesday, August 19th. Bank of America raised their target price on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group lifted their target price on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods cut their price target on Klarna Group from $26.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.39.

Klarna Group Price Performance

Shares of Klarna Group stock opened at $14.26 on Thursday. Klarna Group plc has a one year low of $12.06 and a one year high of $57.20. The firm has a market capitalization of $5.38 billion and a price-to-earnings ratio of -38.54. The business has a 50-day simple moving average of $18.61 and a 200 day simple moving average of $16.39.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings results on Tuesday, August 18th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. The business had revenue of $1.04 billion for 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%.The company’s revenue was up 26.6% on a year-over-year basis. On average, sell-side analysts expect that Klarna Group plc will post -0.01 EPS for the current year.

Klarna Group Company 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.