Deutsche Bank AG Has $960,000 Holdings in Nextdoor Holdings, Inc. $KIND

Key Points

• Deutsche Bank AG increased its stake in Nextdoor Holdings, Inc. by 339.2%, acquiring an additional 484,755 shares, bringing its total holdings to 627,665 shares valued at approximately $960,000.
• Nextdoor currently has a stock rating consensus of Hold with a price target ranging from $1.10 to $2.21, indicating a mixed sentiment among analysts.
• Shares of Nextdoor rose 7.9% to open at $2.06, with the company having a market capitalization of $788.13 million.

Deutsche Bank AG increased its holdings in shares of Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 339.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 627,665 shares of the company's stock after buying an additional 484,755 shares during the quarter. Deutsche Bank AG owned 0.16% of Nextdoor worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KIND. Wells Fargo & Company MN grew its holdings in shares of Nextdoor by 25.3% during the fourth quarter. Wells Fargo & Company MN now owns 104,096 shares of the company's stock valued at $247,000 after buying an additional 21,017 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Nextdoor by 2.2% during the fourth quarter. Invesco Ltd. now owns 243,395 shares of the company's stock valued at $577,000 after buying an additional 5,178 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Nextdoor by 29.8% during the fourth quarter. Legal & General Group Plc now owns 189,457 shares of the company's stock valued at $449,000 after buying an additional 43,485 shares in the last quarter. Barclays PLC grew its holdings in shares of Nextdoor by 10.1% during the fourth quarter. Barclays PLC now owns 294,584 shares of the company's stock valued at $697,000 after buying an additional 27,094 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Nextdoor by 33.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,016,850 shares of the company's stock valued at $7,150,000 after purchasing an additional 762,005 shares in the last quarter. Hedge funds and other institutional investors own 35.66% of the company's stock.

Nextdoor Stock Down 2.8%

Shares of NYSE:KIND traded down $0.06 on Friday, reaching $2.05. The company had a trading volume of 1,854,673 shares, compared to its average volume of 1,839,480. The stock has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.74. The stock has a market capitalization of $784.31 million, a P/E ratio of -8.54 and a beta of 1.19. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $3.00.

Analysts Set New Price Targets

KIND has been the topic of a number of recent research reports. B. Riley initiated coverage on Nextdoor in a research note on Wednesday, June 25th. They issued a "neutral" rating and a $2.00 target price on the stock. Morgan Stanley downgraded Nextdoor from an "equal weight" rating to an "underweight" rating and set a $1.10 target price on the stock. in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $2.21.

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.