American Century Companies Inc. Increases Stake in Nextdoor Holdings, Inc. $KIND

American Century Companies Inc. increased its holdings in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 15.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 362,033 shares of the company’s stock after purchasing an additional 48,152 shares during the period. American Century Companies Inc.’s holdings in Nextdoor were worth $554,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Occudo Quantitative Strategies LP increased its holdings 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 buying an additional 4,091 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings 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 buying an additional 4,514 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Nextdoor by 13.9% in the 1st quarter. Arizona State Retirement System now owns 55,626 shares of the company’s stock valued at $85,000 after acquiring an additional 6,793 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Nextdoor by 4.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 155,290 shares of the company’s stock valued at $238,000 after acquiring an additional 7,024 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Nextdoor in the 4th quarter valued at about $27,000. 35.66% of the stock is owned by hedge funds and other institutional investors.

Nextdoor Trading Down 1.0%

Shares of KIND opened at $2.05 on Friday. The firm has a market cap of $784.31 million, a PE ratio of -8.54 and a beta of 1.19. The company’s 50 day simple moving average is $1.86 and its 200-day simple moving average is $1.71. Nextdoor Holdings, Inc. has a 12-month low of $1.32 and a 12-month high of $3.00.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KIND shares. Morgan Stanley lowered shares of Nextdoor from an “equal weight” rating to an “underweight” rating and set a $1.10 price target on the stock. in a research note on Tuesday, May 13th. B. Riley initiated coverage on shares of Nextdoor in a research report on Wednesday, June 25th. They issued a “neutral” rating and a $2.00 target price on the stock. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.21.

Nextdoor 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.