Nextdoor Holdings, Inc. $KIND Shares Bought by US Bancorp DE

US Bancorp DE increased its holdings in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 213.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,900 shares of the company’s stock after acquiring an additional 25,800 shares during the quarter. US Bancorp DE’s holdings in Nextdoor were worth $58,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in Nextdoor by 77.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company’s stock valued at $25,000 after acquiring an additional 4,514 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Nextdoor during the fourth quarter worth approximately $27,000. Two Sigma Securities LLC bought a new stake in shares of Nextdoor in the 4th quarter worth $34,000. Hurley Capital LLC acquired a new stake in Nextdoor in the 1st quarter valued at about $38,000. Finally, Westside Investment Management Inc. bought a new position in shares of Nextdoor during the 1st quarter valued at about $41,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Nextdoor Stock Down 1.6%

Shares of KIND opened at $1.85 on Tuesday. The firm has a market cap of $707.79 million, a price-to-earnings ratio of -7.71 and a beta of 1.19. Nextdoor Holdings, Inc. has a 12 month low of $1.32 and a 12 month high of $3.00. The company’s fifty day moving average is $1.73 and its 200-day moving average is $1.76.

Analyst Ratings Changes

Several research analysts have issued reports on KIND shares. B. Riley initiated coverage on shares of Nextdoor in a research report on Wednesday, June 25th. They issued a “neutral” rating and a $2.00 price target on the stock. Morgan Stanley cut shares of Nextdoor from an “equal weight” rating to an “underweight” rating and set a $1.10 price objective on the stock. in a research report on Tuesday, May 13th.

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.