Swiss National Bank Increases Position in Nextdoor Holdings, Inc. $KIND

Swiss National Bank boosted its holdings in Nextdoor Holdings, Inc. (NYSE:KIND) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 375,700 shares of the company’s stock after purchasing an additional 43,500 shares during the period. Swiss National Bank owned about 0.10% of Nextdoor worth $575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Occudo Quantitative Strategies LP boosted its holdings in shares of Nextdoor by 3.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 138,203 shares of the company’s stock worth $328,000 after buying an additional 4,091 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in 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 purchasing an additional 4,514 shares during the last quarter. Invesco Ltd. lifted its stake in 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 purchasing an additional 5,178 shares during the last quarter. Arizona State Retirement System lifted its stake in Nextdoor by 13.9% in the first quarter. Arizona State Retirement System now owns 55,626 shares of the company’s stock valued at $85,000 after purchasing an additional 6,793 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its stake in Nextdoor by 4.7% in the first quarter. OneDigital Investment Advisors LLC now owns 155,290 shares of the company’s stock valued at $238,000 after purchasing an additional 7,024 shares during the last quarter. 35.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley downgraded shares of Nextdoor from an “equal weight” rating to an “underweight” rating and set a $1.10 price objective on the stock. in a report on Tuesday, May 13th. B. Riley started coverage on shares of Nextdoor in a research note on Wednesday, June 25th. They set a “neutral” rating and a $2.00 price target on the stock. One investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.21.

Nextdoor Stock Performance

Nextdoor stock opened at $2.05 on Thursday. The firm’s fifty day moving average price is $1.79 and its 200-day moving average price is $1.74. Nextdoor Holdings, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $3.00. The stock has a market cap of $784.31 million, a P/E ratio of -8.54 and a beta of 1.19.

About Nextdoor

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.