JinkoSolar Holding Company Limited (NYSE:JKS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) by 37.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 29,170 shares of the semiconductor company's stock after selling 17,381 shares during the quarter. Vontobel Holding Ltd. owned about 0.05% of JinkoSolar worth $544,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co purchased a new stake in shares of JinkoSolar in the fourth quarter valued at about $55,000. Jump Financial LLC purchased a new position in shares of JinkoSolar during the 4th quarter worth approximately $200,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of JinkoSolar by 85.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company's stock worth $217,000 after buying an additional 3,998 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of JinkoSolar during the 4th quarter worth approximately $258,000. Finally, Barclays PLC raised its stake in shares of JinkoSolar by 425.4% during the 4th quarter. Barclays PLC now owns 12,179 shares of the semiconductor company's stock worth $303,000 after buying an additional 9,861 shares in the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JKS has been the topic of a number of recent analyst reports. Citigroup lowered JinkoSolar from a "buy" rating to a "sell" rating in a report on Monday, May 5th. The Goldman Sachs Group reduced their price objective on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company 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 report on Thursday, March 27th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.19.

JinkoSolar Price Performance

NYSE:JKS traded down $0.04 during mid-day trading on Wednesday, hitting $24.07. 738,199 shares of the company's stock traded hands, compared to its average volume of 1,048,330. The firm's 50 day simple moving average is $19.73 and its 200 day simple moving average is $20.60. The company has a market cap of $1.24 billion, a PE ratio of -4.79 and a beta of 0.22. JinkoSolar Holding Company Limited has a 1 year low of $13.42 and a 1 year high of $37.36. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.33.

JinkoSolar (NYSE:JKS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.45) by ($1.40). JinkoSolar had a negative net margin of 2.23% and a negative return on equity of 2.95%. The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the previous year, the company posted $1.34 EPS. JinkoSolar's quarterly revenue was down 39.9% compared to the same quarter last year. Sell-side analysts expect that JinkoSolar Holding Company Limited will post -0.24 EPS for the current year.

JinkoSolar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Wednesday, July 2nd. JinkoSolar's dividend payout ratio is presently -54.98%.

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.