Vanguard Group Inc. Acquires 742,578 Shares of Nextdoor Holdings, Inc. $KIND

Vanguard Group Inc. increased its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,352,384 shares of the company’s stock after acquiring an additional 742,578 shares during the quarter. Vanguard Group Inc. owned about 4.75% of Nextdoor worth $28,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Potrero Capital Research LLC boosted its stake in Nextdoor by 22.8% during the 4th quarter. Potrero Capital Research LLC now owns 3,557,997 shares of the company’s stock worth $8,432,000 after acquiring an additional 660,759 shares during the last quarter. Westerly Capital Management LLC boosted its stake in Nextdoor by 47.6% during the 4th quarter. Westerly Capital Management LLC now owns 3,100,000 shares of the company’s stock worth $7,347,000 after acquiring an additional 1,000,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Nextdoor by 33.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,016,850 shares of the company’s stock worth $7,150,000 after acquiring an additional 762,005 shares during the last quarter. Millennium Management LLC boosted its stake in Nextdoor by 177.6% during the 4th quarter. Millennium Management LLC now owns 2,999,267 shares of the company’s stock worth $7,108,000 after acquiring an additional 1,918,884 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Nextdoor by 193.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,082,482 shares of the company’s stock worth $4,935,000 after acquiring an additional 1,371,705 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

Nextdoor Stock Up 1.5%

KIND stock opened at $2.05 on Thursday. The business has a 50 day moving average price of $1.79 and a two-hundred day moving average price of $1.74. The company has a market cap of $784.31 million, a price-to-earnings ratio of -8.54 and a beta of 1.19. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $3.00.

Analysts Set New Price Targets

Several research firms recently weighed in on KIND. Morgan Stanley lowered 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 note on Tuesday, May 13th. B. Riley began coverage on Nextdoor in a research note on Wednesday, June 25th. They set a “neutral” rating and a $2.00 target price for the company. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.21.

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.