Nextdoor Holdings, Inc. $KIND Shares Purchased by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. raised its holdings in Nextdoor Holdings, Inc. (NYSE:KIND) by 25.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,660,830 shares of the company’s stock after acquiring an additional 2,768,087 shares during the period. Amova Asset Management Americas Inc. owned approximately 3.57% of Nextdoor worth $28,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KIND. Vanguard Group Inc. grew its position in shares of Nextdoor by 1.2% in the third quarter. Vanguard Group Inc. now owns 16,051,399 shares of the company’s stock valued at $30,177,000 after purchasing an additional 188,633 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Nextdoor by 24.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,660,830 shares of the company’s stock valued at $25,682,000 after buying an additional 2,700,769 shares in the last quarter. Nikko Asset Management Americas Inc. increased its stake in shares of Nextdoor by 28.1% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 10,892,743 shares of the company’s stock worth $17,973,000 after acquiring an additional 2,392,197 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of Nextdoor by 1.3% during the 3rd quarter. ARK Investment Management LLC now owns 7,971,035 shares of the company’s stock worth $14,986,000 after acquiring an additional 104,168 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Nextdoor by 35.8% during the 2nd quarter. Acadian Asset Management LLC now owns 6,477,127 shares of the company’s stock valued at $10,740,000 after acquiring an additional 1,707,041 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Nextdoor Trading Down 2.9%

Nextdoor stock opened at $1.70 on Thursday. The company has a 50-day moving average price of $1.89 and a 200 day moving average price of $1.95. Nextdoor Holdings, Inc. has a 12-month low of $1.32 and a 12-month high of $3.00. The stock has a market cap of $650.40 million, a P/E ratio of -7.08 and a beta of 1.19.

Nextdoor Profile

Nextdoor, Inc (NYSE: KIND) operates a hyperlocal social networking platform that enables neighbors to connect, share information and foster community engagement. Through its website and mobile applications, Nextdoor offers features such as neighborhood newsfeeds, classified listings, recommendations, event planning tools and safety alerts. The company’s platform is designed to bridge the gap between digital communication and real-world community building by facilitating dialogue on topics ranging from local services and business referrals to public safety and community events.

Nextdoor generates revenue primarily through advertising and paid business services.