JPMorgan Chase & Co. Has $1.53 Million Stock Position in Nextdoor Holdings, Inc. $KIND

JPMorgan Chase & Co. increased its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 82.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 811,014 shares of the company’s stock after buying an additional 367,270 shares during the quarter. JPMorgan Chase & Co.’s holdings in Nextdoor were worth $1,525,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Nextdoor by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 16,051,399 shares of the company’s stock worth $30,177,000 after purchasing an additional 188,633 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Nextdoor by 24.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,660,830 shares of the company’s stock worth $25,682,000 after purchasing an additional 2,700,769 shares in the last quarter. Amova Asset Management Americas Inc. increased its holdings 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 in the last quarter. Nikko Asset Management Americas Inc. increased its holdings 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 in the last quarter. Finally, ARK Investment Management LLC increased its holdings 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 in the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

Nextdoor Stock Performance

Shares of KIND opened at $1.44 on Thursday. The stock has a 50 day moving average price of $1.61 and a two-hundred day moving average price of $1.86. The firm has a market capitalization of $550.93 million, a P/E ratio of -6.00 and a beta of 1.19. Nextdoor Holdings, Inc. has a 52 week low of $1.32 and a 52 week high of $3.00.

Nextdoor Profile

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.