Farther Finance Advisors LLC Acquires Shares of 28,000 Nextdoor Holdings, Inc. $KIND

Farther Finance Advisors LLC bought a new position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 28,000 shares of the company’s stock, valued at approximately $46,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Nextdoor by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 18,352,384 shares of the company’s stock worth $28,079,000 after buying an additional 742,578 shares during the period. Acadian Asset Management LLC raised its stake in shares of Nextdoor by 103.5% during the first quarter. Acadian Asset Management LLC now owns 4,770,086 shares of the company’s stock valued at $7,288,000 after acquiring an additional 2,426,228 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Nextdoor by 208.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,732,290 shares of the company’s stock valued at $2,650,000 after purchasing an additional 1,170,606 shares during the period. CenterBook Partners LP grew its stake in Nextdoor by 141.9% in the first quarter. CenterBook Partners LP now owns 1,307,882 shares of the company’s stock worth $2,001,000 after purchasing an additional 767,184 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Nextdoor by 156.0% during the 1st quarter. AQR Capital Management LLC now owns 1,161,522 shares of the company’s stock worth $1,777,000 after purchasing an additional 707,863 shares during the period. 35.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on Nextdoor in a report on Wednesday, June 25th. They issued a “neutral” rating and a $2.00 target price for the company. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.21.

Nextdoor Stock Down 3.7%

NYSE KIND opened at $2.06 on Tuesday. Nextdoor Holdings, Inc. has a 52 week low of $1.32 and a 52 week high of $3.00. The company has a 50 day moving average price of $2.01 and a 200 day moving average price of $1.73. The firm has a market cap of $788.13 million, a PE ratio of -8.58 and a beta of 1.19.

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.