Bank of New York Mellon Corp Buys New Stake in Nextdoor Holdings, Inc. $KIND

Bank of New York Mellon Corp purchased a new position in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 613,418 shares of the company's stock, valued at approximately $1,392,000. Bank of New York Mellon Corp owned 0.16% of Nextdoor as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of KIND. Amundi increased its stake in Nextdoor by 75.0% during the 1st quarter. Amundi now owns 174,564 shares of the company's stock valued at $251,000 after buying an additional 74,829 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Nextdoor by 156.0% in the first quarter. AQR Capital Management LLC now owns 1,161,522 shares of the company's stock valued at $1,777,000 after acquiring an additional 707,863 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Nextdoor during the first quarter valued at approximately $211,000. Jane Street Group LLC raised its holdings in Nextdoor by 6.0% during the first quarter. Jane Street Group LLC now owns 382,223 shares of the company's stock worth $585,000 after purchasing an additional 21,754 shares in the last quarter. Finally, Creative Planning lifted its position in Nextdoor by 165.0% in the second quarter. Creative Planning now owns 134,395 shares of the company's stock worth $223,000 after purchasing an additional 83,687 shares during the period. Institutional investors own 35.66% of the company's stock.

Nextdoor Stock Performance

Shares of NYSE KIND opened at $2.22 on Thursday. The stock has a fifty day moving average price of $2.37 and a two-hundred day moving average price of $1.99. The firm has a market cap of $849.35 million, a P/E ratio of -9.25 and a beta of 1.19. Nextdoor Holdings, Inc. has a 1 year low of $1.32 and a 1 year high of $1.96.

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.

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