Prudential Financial Inc. Has $415,000 Holdings in Kindred Biosciences Inc (KIN)
Prudential Financial Inc. raised its stake in Kindred Biosciences Inc (NASDAQ:KIN) by 18.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,920 shares of the biopharmaceutical company’s stock after purchasing an additional 8,410 shares during the quarter. Prudential Financial Inc. owned approximately 0.19% of Kindred Biosciences worth $415,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Virtu KCG Holdings LLC grew its stake in Kindred Biosciences by 41.7% in the second quarter. Virtu KCG Holdings LLC now owns 15,285 shares of the biopharmaceutical company’s stock valued at $131,000 after purchasing an additional 4,495 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Kindred Biosciences by 28.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,336 shares of the biopharmaceutical company’s stock worth $157,000 after acquiring an additional 4,954 shares during the period. Nationwide Fund Advisors bought a new position in shares of Kindred Biosciences during the 2nd quarter worth approximately $100,000. JPMorgan Chase & Co. bought a new position in shares of Kindred Biosciences during the 2nd quarter worth approximately $119,000. Finally, Trexquant Investment LP bought a new position in shares of Kindred Biosciences during the 2nd quarter worth approximately $120,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.
Several brokerages have recently commented on KIN. HC Wainwright set a $10.00 target price on Kindred Biosciences and gave the stock a “buy” rating in a research note on Tuesday, December 5th. B. Riley set a $11.00 target price on Kindred Biosciences and gave the stock a “buy” rating in a research note on Tuesday, December 5th. ValuEngine upgraded Kindred Biosciences from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research downgraded Kindred Biosciences from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $9.63.
Kindred Biosciences Inc (KIN) opened at $7.70 on Monday. Kindred Biosciences Inc has a one year low of $4.10 and a one year high of $9.65.
Kindred Biosciences (NASDAQ:KIN) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.29) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.04. research analysts anticipate that Kindred Biosciences Inc will post -1.19 EPS for the current year.
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Kindred Biosciences Profile
Kindred Biosciences, Inc is a development-stage biopharmaceutical company. The Company is focused on developing therapies for pets. The Company’s product pipeline consists of small molecules and biologics for a range of indications in dogs, cats and horses. The Company is developing product candidates for over 20 indications and focused on small molecule products and canine and feline biologics products.
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