Capital Wealth Planning LLC Takes Position in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Capital Wealth Planning LLC purchased a new position in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 30,209 shares of the semiconductor company's stock, valued at approximately $752,000. Capital Wealth Planning LLC owned approximately 0.06% of JinkoSolar at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Barclays PLC grew its position in JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock worth $62,000 after acquiring an additional 537 shares in the last quarter. New York State Common Retirement Fund purchased a new position in shares of JinkoSolar in the 4th quarter worth about $132,000. Banque Cantonale Vaudoise boosted its holdings in shares of JinkoSolar by 198.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company's stock worth $212,000 after purchasing an additional 5,265 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of JinkoSolar by 15.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company's stock valued at $236,000 after buying an additional 1,200 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of JinkoSolar during the 3rd quarter valued at about $682,000. Institutional investors own 35.82% of the company's stock.

Analyst Ratings Changes

JKS has been the topic of a number of recent research reports. Jefferies Financial Group increased their price target on shares of JinkoSolar from $36.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Daiwa Capital Markets lowered shares of JinkoSolar from an "underperform" rating to a "sell" rating in a report on Friday, January 10th. Finally, Glj Research lowered their price target on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, JinkoSolar currently has an average rating of "Hold" and a consensus price target of $28.79.

Remove Ads

JinkoSolar Trading Up 0.7 %

Shares of NYSE JKS traded up $0.17 during mid-day trading on Wednesday, hitting $22.85. The stock had a trading volume of 397,081 shares, compared to its average volume of 1,032,004. The firm has a market cap of $1.21 billion, a P/E ratio of 38.73 and a beta of 0.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. The business has a 50 day moving average price of $22.89 and a two-hundred day moving average price of $22.76. JinkoSolar Holding Co., Ltd. has a 1 year low of $16.70 and a 1 year high of $37.36.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.