JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shares Bought by State Street Corp

State Street Corp lifted its stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 696,763 shares of the semiconductor company's stock after purchasing an additional 67,223 shares during the quarter. State Street Corp owned 1.31% of JinkoSolar worth $18,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of JKS. Signaturefd LLC lifted its holdings in shares of JinkoSolar by 108.0% during the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company's stock valued at $33,000 after buying an additional 647 shares during the period. Headlands Technologies LLC boosted its stake in JinkoSolar by 607.7% in the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company's stock worth $84,000 after purchasing an additional 3,476 shares during the period. Banque Cantonale Vaudoise raised its position in shares of JinkoSolar by 198.1% during the third quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company's stock valued at $212,000 after buying an additional 5,265 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of JinkoSolar by 15.8% in 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 in the last quarter. Finally, Profund Advisors LLC boosted its position in shares of JinkoSolar by 8.5% during the second quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company's stock worth $253,000 after acquiring an additional 960 shares during the last quarter. Institutional investors own 35.82% of the company's stock.

JinkoSolar Price Performance

JKS traded up $1.33 during trading on Tuesday, reaching $26.57. The company's stock had a trading volume of 880,497 shares, compared to its average volume of 1,086,425. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $22.26. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 45.03 and a beta of 0.35. JinkoSolar Holding Co., Ltd. has a 1 year low of $16.70 and a 1 year high of $38.37.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JKS shares. The Goldman Sachs Group dropped their price objective on shares of JinkoSolar from $21.00 to $18.00 and set a "sell" rating for the company in a report on Tuesday, September 3rd. Jefferies Financial Group increased their target price on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. StockNews.com upgraded JinkoSolar from a "sell" rating to a "hold" rating in a research note on Wednesday, September 18th. Finally, Roth Mkm reduced their target price on JinkoSolar from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $31.33.

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.