Bank of New York Mellon Corp Has $1.48 Million Stock Holdings in Nextdoor Holdings, Inc. (NYSE:KIND)

Bank of New York Mellon Corp boosted its position in Nextdoor Holdings, Inc. (NYSE:KIND) by 6.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 532,872 shares of the company’s stock after purchasing an additional 31,133 shares during the period. Bank of New York Mellon Corp owned about 0.14% of Nextdoor worth $1,481,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. boosted its holdings in shares of Nextdoor by 294.3% during the first quarter. Westside Investment Management Inc. now owns 15,408 shares of the company’s stock worth $35,000 after acquiring an additional 11,500 shares during the period. SG Americas Securities LLC lifted its holdings in Nextdoor by 50.6% during the 2nd quarter. SG Americas Securities LLC now owns 34,016 shares of the company’s stock worth $95,000 after purchasing an additional 11,424 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Nextdoor in the 4th quarter valued at $77,000. Price T Rowe Associates Inc. MD grew its holdings in Nextdoor by 28.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,779 shares of the company’s stock valued at $99,000 after buying an additional 9,689 shares in the last quarter. Finally, Quadrature Capital Ltd increased its position in Nextdoor by 91.9% during the 1st quarter. Quadrature Capital Ltd now owns 107,354 shares of the company’s stock worth $241,000 after buying an additional 51,425 shares during the period. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley increased their target price on shares of Nextdoor from $2.20 to $2.50 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd.

Nextdoor Price Performance

Shares of NYSE:KIND opened at $2.44 on Friday. Nextdoor Holdings, Inc. has a one year low of $1.32 and a one year high of $2.99. The company has a market cap of $950.34 million, a price-to-earnings ratio of -6.76 and a beta of 1.08. The firm has a 50 day simple moving average of $2.57 and a 200 day simple moving average of $2.41.

Nextdoor (NYSE:KIND) last posted its earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. Nextdoor had a negative return on equity of 22.69% and a negative net margin of 65.63%. The firm had revenue of $63.29 million during the quarter, compared to the consensus estimate of $58.80 million. As a group, analysts expect that Nextdoor Holdings, Inc. will post -0.23 EPS for the current year.

About Nextdoor

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.