Amova Asset Management Americas Inc. Makes New Investment in Klarna Group plc $KLAR

Amova Asset Management Americas Inc. purchased a new stake in Klarna Group plc (NYSE:KLAR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 485,640 shares of the company’s stock, valued at approximately $17,702,000. Amova Asset Management Americas Inc. owned approximately 0.07% of Klarna Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KLAR. US Bancorp DE bought a new stake in shares of Klarna Group during the third quarter worth $30,000. BIT Capital GmbH acquired a new stake in shares of Klarna Group during the 3rd quarter valued at $37,000. TD Waterhouse Canada Inc. bought a new stake in Klarna Group during the 3rd quarter worth $43,000. Compagnie Lombard Odier SCmA bought a new position in Klarna Group in the third quarter valued at about $42,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Klarna Group during the third quarter valued at about $46,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Morgan Stanley cut their price target on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Klarna Group in a report on Monday, December 29th. Wolfe Research cut their target price on Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Finally, UBS Group reduced their price target on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Klarna Group Stock Up 1.7%

NYSE KLAR opened at $13.61 on Thursday. Klarna Group plc has a one year low of $12.50 and a one year high of $57.20. The business’s 50 day simple moving average is $23.35. The firm has a market capitalization of $9.77 billion and a PE ratio of -17.68.

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.