BNP Paribas Financial Markets Has $236,000 Stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

BNP Paribas Financial Markets lessened its stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 86.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,471 shares of the semiconductor company's stock after selling 61,257 shares during the period. BNP Paribas Financial Markets' holdings in JinkoSolar were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co acquired a new stake in shares of JinkoSolar during the 4th quarter valued at about $55,000. SBI Securities Co. Ltd. bought a new position in JinkoSolar during the fourth quarter worth about $119,000. New York State Common Retirement Fund acquired a new stake in JinkoSolar during the fourth quarter valued at approximately $132,000. Jump Financial LLC acquired a new stake in JinkoSolar during the fourth quarter valued at approximately $200,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of JinkoSolar in the 4th quarter valued at approximately $231,000. 35.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JKS has been the subject of several analyst reports. Citigroup downgraded JinkoSolar from a "buy" rating to a "sell" rating in a research report on Monday, May 5th. The Goldman Sachs Group reduced their target price on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, March 27th. Finally, UBS Group dropped their target price on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, JinkoSolar presently has an average rating of "Hold" and an average target price of $27.19.

JinkoSolar Price Performance

JKS traded down $0.21 during midday trading on Friday, hitting $18.14. The company had a trading volume of 318,849 shares, compared to its average volume of 1,043,031. JinkoSolar Holding Co., Ltd. has a twelve month low of $13.42 and a twelve month high of $37.36. The firm's 50-day simple moving average is $17.58 and its 200-day simple moving average is $21.31. The company has a market capitalization of $931.98 million, a PE ratio of 30.75 and a beta of 0.16. 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 released its earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) EPS for the quarter, missing the consensus estimate of ($1.45) by ($1.40). JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business posted $1.34 earnings per share. The firm's quarterly revenue was down 39.9% on a year-over-year basis. Equities research analysts predict that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current fiscal year.

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.