Asset Management One Co. Ltd. Acquires 33,023 Shares of Nextdoor Holdings, Inc. (NYSE:KIND)

Asset Management One Co. Ltd. boosted its holdings in Nextdoor Holdings, Inc. (NYSE:KIND) by 103.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,803 shares of the company’s stock after purchasing an additional 33,023 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Nextdoor were worth $157,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning bought a new stake in shares of Nextdoor during the third quarter valued at approximately $28,000. R Squared Ltd bought a new stake in shares of Nextdoor during the fourth quarter valued at approximately $45,000. Savvy Advisors Inc. bought a new stake in shares of Nextdoor during the third quarter valued at approximately $61,000. Intech Investment Management LLC bought a new stake in shares of Nextdoor during the third quarter valued at approximately $84,000. Finally, Verition Fund Management LLC increased its holdings in shares of Nextdoor by 142.9% during the third quarter. Verition Fund Management LLC now owns 52,900 shares of the company’s stock valued at $131,000 after acquiring an additional 31,121 shares in the last quarter. 35.66% of the stock is currently owned by institutional investors.

Nextdoor Stock 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 12-month low of $1.67 and a 12-month high of $2.99. The business’s 50 day moving average is $2.51 and its 200 day moving average is $2.49.

Insider Activity at Nextdoor

In other Nextdoor news, General Counsel Sophia Schwartz sold 16,834 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $2.45, for a total value of $41,243.30. Following the transaction, the general counsel now owns 215,536 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 46.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KIND has been the subject of several recent research reports. Craig Hallum initiated coverage on Nextdoor in a report on Thursday, January 30th. They set a “buy” rating and a $4.00 price objective for the company. 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 report on Thursday, November 7th.

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.