Nextdoor Holdings, Inc. (NYSE:KIND) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Nextdoor Holdings, Inc. (NYSE:KIND) by 38.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,138 shares of the company’s stock after buying an additional 26,029 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Nextdoor were worth $178,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arizona State Retirement System grew its position in Nextdoor by 24.9% in the fourth quarter. Arizona State Retirement System now owns 39,612 shares of the company’s stock worth $75,000 after buying an additional 7,896 shares during the last quarter. ARK Investment Management LLC boosted its stake in Nextdoor by 56.7% in the 4th quarter. ARK Investment Management LLC now owns 10,787,494 shares of the company’s stock worth $20,388,000 after purchasing an additional 3,901,481 shares during the period. SG Americas Securities LLC boosted its stake in Nextdoor by 1,753.5% in the 4th quarter. SG Americas Securities LLC now owns 787,271 shares of the company’s stock worth $1,488,000 after purchasing an additional 744,796 shares during the period. IAM Advisory LLC acquired a new position in Nextdoor in the 4th quarter worth approximately $32,000. Finally, Harbor Capital Advisors Inc. boosted its stake in Nextdoor by 23.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 32,324 shares of the company’s stock worth $61,000 after purchasing an additional 6,034 shares during the period. Institutional investors and hedge funds own 35.66% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their price objective on shares of Nextdoor from $1.75 to $2.25 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th.

Nextdoor Stock Up 1.0 %

Shares of NYSE:KIND opened at $2.02 on Friday. The firm has a fifty day moving average of $2.10 and a two-hundred day moving average of $1.85. The firm has a market capitalization of $795.13 million, a P/E ratio of -5.32 and a beta of 0.98. Nextdoor Holdings, Inc. has a 12-month low of $1.32 and a 12-month high of $3.41.

Nextdoor (NYSE:KIND) last issued its earnings results on Tuesday, February 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The company had revenue of $55.56 million during the quarter, compared to analyst estimates of $50.94 million. Nextdoor had a negative net margin of 67.69% and a negative return on equity of 24.22%. Equities research analysts expect that Nextdoor Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Nextdoor Company Profile

Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.