Deutsche Bank AG Buys 484,755 Shares of Nextdoor Holdings, Inc. $KIND

Deutsche Bank AG raised its stake in Nextdoor Holdings, Inc. (NYSE:KIND) by 339.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 627,665 shares of the company’s stock after acquiring an additional 484,755 shares during the quarter. Deutsche Bank AG owned approximately 0.16% of Nextdoor worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Occudo Quantitative Strategies LP lifted its stake in Nextdoor by 3.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 138,203 shares of the company’s stock valued at $328,000 after purchasing an additional 4,091 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Nextdoor by 77.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company’s stock valued at $25,000 after buying an additional 4,514 shares during the period. Invesco Ltd. raised its stake in shares of Nextdoor by 2.2% in the fourth quarter. Invesco Ltd. now owns 243,395 shares of the company’s stock valued at $577,000 after buying an additional 5,178 shares during the period. Arizona State Retirement System lifted its position in shares of Nextdoor by 13.9% during the 1st quarter. Arizona State Retirement System now owns 55,626 shares of the company’s stock valued at $85,000 after buying an additional 6,793 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Nextdoor by 4.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 155,290 shares of the company’s stock worth $238,000 after acquiring an additional 7,024 shares during the period. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Wall Street Analyst Weigh In

KIND has been the topic of a number of research reports. B. Riley started coverage on Nextdoor in a research note on Wednesday, June 25th. They issued a “neutral” rating and a $2.00 price objective on the stock. Morgan Stanley downgraded shares of Nextdoor from an “equal weight” rating to an “underweight” rating and set a $1.10 target price for the company. in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.21.

Nextdoor Stock Up 7.9%

Shares of NYSE KIND opened at $2.06 on Monday. The company has a market cap of $788.13 million, a P/E ratio of -8.58 and a beta of 1.19. Nextdoor Holdings, Inc. has a 52 week low of $1.3201 and a 52 week high of $2.9950. The business has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $1.74.

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.