Vanguard Group Inc. Acquires 1,292,918 Shares of Nextdoor Holdings, Inc. (NYSE:KIND)

Vanguard Group Inc. boosted its position in Nextdoor Holdings, Inc. (NYSE:KIND - Free Report) by 11.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,756,262 shares of the company's stock after purchasing an additional 1,292,918 shares during the period. Vanguard Group Inc. owned approximately 3.31% of Nextdoor worth $23,216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in KIND. American Century Companies Inc. lifted its position in shares of Nextdoor by 69.8% during the 3rd quarter. American Century Companies Inc. now owns 76,398 shares of the company's stock valued at $139,000 after acquiring an additional 31,395 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Nextdoor by 19.8% during the 3rd quarter. Deutsche Bank AG now owns 72,103 shares of the company's stock valued at $131,000 after acquiring an additional 11,927 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Nextdoor by 87.5% during the 3rd quarter. Quadrature Capital Ltd now owns 124,586 shares of the company's stock valued at $226,000 after acquiring an additional 58,132 shares during the last quarter. Repertoire Partners LP acquired a new stake in shares of Nextdoor during the 3rd quarter valued at $91,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Nextdoor during the 3rd quarter valued at $31,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Nextdoor Trading Down 3.8 %

NYSE:KIND traded down $0.08 during trading hours on Friday, hitting $2.04. 947,495 shares of the stock traded hands, compared to its average volume of 1,290,432. The firm has a 50 day moving average price of $2.04 and a 200 day moving average price of $1.84. Nextdoor Holdings, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $3.41. The firm has a market cap of $803.01 million, a price-to-earnings ratio of -5.37 and a beta of 0.98.

Nextdoor (NYSE:KIND - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. Nextdoor had a negative net margin of 67.69% and a negative return on equity of 24.22%. The company had revenue of $55.56 million for the quarter, compared to the consensus estimate of $50.94 million. Research analysts predict that Nextdoor Holdings, Inc. will post -0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their price objective on Nextdoor from $1.75 to $2.25 and gave the company a "neutral" rating in a research report on Wednesday, February 28th.

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.