DRW Securities LLC bought a new position in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 34,000 shares of the semiconductor company's stock, valued at approximately $847,000. DRW Securities LLC owned about 0.06% of JinkoSolar at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of JinkoSolar by 30.2% in the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock valued at $62,000 after purchasing an additional 537 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of JinkoSolar in the fourth quarter worth about $119,000. New York State Common Retirement Fund bought a new stake in shares of JinkoSolar in the 4th quarter valued at about $132,000. Cornerstone Investment Partners LLC purchased a new stake in JinkoSolar during the 4th quarter valued at about $231,000. Finally, Trexquant Investment LP bought a new stake in JinkoSolar in the fourth quarter valued at approximately $341,000. Hedge funds and other institutional investors own 35.82% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on JKS shares. UBS Group decreased their target price on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Daiwa Capital Markets downgraded shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research note on Friday, January 10th. Glj Research cut their target price on JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group lowered their price target on JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $27.19.
Get Our Latest Stock Report on JKS
JinkoSolar Stock Up 0.5 %
Shares of JKS traded up $0.07 on Tuesday, reaching $15.53. The stock had a trading volume of 369,034 shares, compared to its average volume of 1,062,273. The firm has a market capitalization of $825.50 million, a price-to-earnings ratio of 26.32 and a beta of 0.17. The company has a 50-day simple moving average of $20.59 and a 200-day simple moving average of $22.80. JinkoSolar Holding Co., Ltd. has a 12-month low of $13.42 and a 12-month high of $37.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22.
JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The semiconductor company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.55). The business had revenue of $20.65 billion during the quarter, compared to the consensus estimate of $3.38 billion. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The firm's revenue was down 37.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. Sell-side analysts predict that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current year.
About JinkoSolar
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Free Report)
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.
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