SG Americas Securities LLC Invests $1.44 Million in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

SG Americas Securities LLC purchased a new position in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 57,635 shares of the semiconductor company's stock, valued at approximately $1,435,000. SG Americas Securities LLC owned about 0.11% of JinkoSolar as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of JinkoSolar by 108.0% during the third quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company's stock worth $33,000 after buying an additional 647 shares in the last quarter. Barclays PLC grew its position in shares of JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock worth $62,000 after buying an additional 537 shares during the period. Banque Cantonale Vaudoise raised its position in shares of JinkoSolar by 198.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company's stock valued at $212,000 after acquiring an additional 5,265 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in JinkoSolar by 15.8% during the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company's stock worth $236,000 after buying an additional 1,200 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in JinkoSolar during the third quarter valued at approximately $682,000. Institutional investors and hedge funds own 35.82% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on JKS. Jefferies Financial Group upped their price target on shares of JinkoSolar from $36.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Daiwa Capital Markets lowered shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research note on Friday, January 10th. Finally, Glj Research reduced their price objective on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $28.42.

JinkoSolar Trading Down 1.7 %

Shares of NYSE:JKS traded down $0.36 during midday trading on Tuesday, reaching $20.30. The company's stock had a trading volume of 621,904 shares, compared to its average volume of 902,253. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 34.40 and a beta of 0.30. JinkoSolar Holding Co., Ltd. has a fifty-two week low of $16.70 and a fifty-two week high of $37.36. The firm has a 50 day moving average price of $24.44 and a two-hundred day moving average price of $22.51. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22.

About JinkoSolar

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.