Asset Management One Co. Ltd. Boosts Stock Position in Nextdoor Holdings, Inc. (NYSE:KIND)

Asset Management One Co. Ltd. boosted its holdings in Nextdoor Holdings, Inc. (NYSE:KIND) by 103.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,803 shares of the company’s stock after purchasing an additional 33,023 shares during the period. Asset Management One Co. Ltd.’s holdings in Nextdoor were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Creative Planning bought a new stake in shares of Nextdoor during the 3rd quarter valued at $28,000. R Squared Ltd bought a new stake in shares of Nextdoor during the 4th quarter valued at $45,000. Savvy Advisors Inc. bought a new stake in shares of Nextdoor during the 3rd quarter valued at $61,000. Intech Investment Management LLC bought a new stake in shares of Nextdoor during the 3rd quarter valued at $84,000. Finally, Verition Fund Management LLC raised its stake in shares of Nextdoor by 142.9% during the 3rd quarter. Verition Fund Management LLC now owns 52,900 shares of the company’s stock valued at $131,000 after purchasing an additional 31,121 shares during the period. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Analyst Ratings Changes

KIND has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Craig Hallum began coverage on Nextdoor in a research note on Thursday, January 30th. They issued a “buy” rating and a $4.00 target price on the stock.

Insider Buying and Selling

In related news, General Counsel Sophia Schwartz sold 16,834 shares of Nextdoor stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $2.45, for a total transaction of $41,243.30. Following the sale, the general counsel now directly owns 215,536 shares in the company, valued at $528,063.20. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 46.04% of the stock is owned by corporate insiders.

Nextdoor Trading Down 6.4 %

Shares of NYSE KIND opened at $2.58 on Friday. The stock has a market cap of $984.02 million, a price-to-earnings ratio of -8.05 and a beta of 1.07. Nextdoor Holdings, Inc. has a 1-year low of $1.67 and a 1-year high of $2.99. The stock’s 50-day moving average is $2.51 and its 200 day moving average is $2.49.

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.