Quinn Opportunity Partners LLC Raises Stock Holdings in Nextdoor Holdings, Inc. $KIND

Quinn Opportunity Partners LLC grew its position in Nextdoor Holdings, Inc. (NYSE:KIND) by 51.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,781,218 shares of the company’s stock after acquiring an additional 948,817 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Nextdoor were worth $5,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Nextdoor by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 16,051,399 shares of the company’s stock valued at $30,177,000 after acquiring an additional 188,633 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Nextdoor by 24.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,660,830 shares of the company’s stock valued at $25,682,000 after purchasing an additional 2,700,769 shares during the last quarter. Amova Asset Management Americas Inc. boosted its stake in Nextdoor by 25.4% during the 3rd quarter. Amova Asset Management Americas Inc. now owns 13,660,830 shares of the company’s stock worth $28,415,000 after purchasing an additional 2,768,087 shares during the period. Nikko Asset Management Americas Inc. boosted its stake in Nextdoor by 28.1% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 10,892,743 shares of the company’s stock worth $17,973,000 after purchasing an additional 2,392,197 shares during the period. Finally, ARK Investment Management LLC grew its position in Nextdoor by 1.3% during the 3rd quarter. ARK Investment Management LLC now owns 7,971,035 shares of the company’s stock worth $14,986,000 after purchasing an additional 104,168 shares during the last quarter. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Nextdoor Stock Performance

NYSE KIND opened at $1.56 on Friday. The firm has a market cap of $596.84 million, a PE ratio of -6.50 and a beta of 1.19. Nextdoor Holdings, Inc. has a one year low of $1.32 and a one year high of $3.00. The firm’s fifty day moving average is $1.82 and its two-hundred day moving average is $1.94.

About Nextdoor

Nextdoor, Inc (NYSE: KIND) operates a hyperlocal social networking platform that enables neighbors to connect, share information and foster community engagement. Through its website and mobile applications, Nextdoor offers features such as neighborhood newsfeeds, classified listings, recommendations, event planning tools and safety alerts. The company’s platform is designed to bridge the gap between digital communication and real-world community building by facilitating dialogue on topics ranging from local services and business referrals to public safety and community events.

Nextdoor generates revenue primarily through advertising and paid business services.