American Century Companies Inc. Acquires 64,258 Shares of Nextdoor Holdings, Inc. (NYSE:KIND)

American Century Companies Inc. increased its holdings in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 51.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,147 shares of the company’s stock after purchasing an additional 64,258 shares during the period. American Century Companies Inc.’s holdings in Nextdoor were worth $529,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KIND. Vanguard Group Inc. raised its position in Nextdoor by 18.5% in the 1st quarter. Vanguard Group Inc. now owns 16,196,377 shares of the company’s stock valued at $36,442,000 after buying an additional 2,529,694 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Nextdoor by 21.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,698,259 shares of the company’s stock valued at $26,321,000 after buying an additional 2,058,131 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of Nextdoor by 21.3% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 11,698,259 shares of the company’s stock worth $26,321,000 after purchasing an additional 2,058,131 shares during the last quarter. Flight Deck Capital LP increased its position in shares of Nextdoor by 2.2% during the 4th quarter. Flight Deck Capital LP now owns 2,369,607 shares of the company’s stock worth $4,479,000 after purchasing an additional 51,237 shares during the last quarter. Finally, Waypoint Wealth Partners Inc. increased its position in shares of Nextdoor by 12.8% during the 2nd quarter. Waypoint Wealth Partners Inc. now owns 681,670 shares of the company’s stock worth $1,895,000 after purchasing an additional 77,441 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.

Analysts Set New Price Targets

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

Nextdoor Trading Up 0.8 %

KIND stock opened at $2.43 on Thursday. The firm has a market capitalization of $948.39 million, a PE ratio of -6.69 and a beta of 1.08. Nextdoor Holdings, Inc. has a 1-year low of $1.32 and a 1-year high of $2.99. The business’s 50 day simple moving average is $2.51 and its 200 day simple moving average is $2.42.

Nextdoor (NYSE:KIND) last posted its earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $63.29 million for the quarter, compared to analyst estimates of $58.80 million. Nextdoor had a negative return on equity of 22.69% and a negative net margin of 65.63%. As a group, sell-side analysts predict that Nextdoor Holdings, Inc. will post -0.23 EPS for the current fiscal year.

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.