Hsbc Holdings PLC Purchases 24,016 Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Hsbc Holdings PLC boosted its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,523 shares of the semiconductor company's stock after purchasing an additional 24,016 shares during the quarter. Hsbc Holdings PLC owned about 0.19% of JinkoSolar worth $2,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pictet Asset Management Holding SA bought a new stake in shares of JinkoSolar during the 4th quarter worth about $5,948,000. AI Squared Management Ltd acquired a new position in shares of JinkoSolar in the fourth quarter valued at approximately $2,336,000. Green Alpha Advisors LLC increased its stake in shares of JinkoSolar by 15.4% during the fourth quarter. Green Alpha Advisors LLC now owns 82,531 shares of the semiconductor company's stock worth $2,055,000 after purchasing an additional 10,983 shares during the period. SG Americas Securities LLC acquired a new stake in JinkoSolar during the 4th quarter worth approximately $1,435,000. Finally, Himension Capital Singapore PTE. LTD. boosted its stake in JinkoSolar by 472.8% in the 4th quarter. Himension Capital Singapore PTE. LTD. now owns 55,175 shares of the semiconductor company's stock valued at $1,374,000 after purchasing an additional 45,542 shares during the period. 35.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JKS. The Goldman Sachs Group dropped their target price on JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a report on Thursday, March 27th. UBS Group dropped their price objective on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Daiwa Capital Markets lowered shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research report on Friday, January 10th. Glj Research dropped their price target 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. Finally, Citigroup downgraded JinkoSolar from a "buy" rating to a "sell" rating in a research report on Monday. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.19.

JinkoSolar Price Performance

Shares of JKS traded up $0.62 during midday trading on Tuesday, hitting $18.15. The company's stock had a trading volume of 119,495 shares, compared to its average volume of 1,063,821. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. JinkoSolar Holding Co., Ltd. has a one year low of $13.42 and a one year high of $37.36. The stock has a market capitalization of $964.50 million, a price-to-earnings ratio of 30.78 and a beta of 0.16. The company's fifty day simple moving average is $18.96 and its two-hundred day simple moving average is $21.99.

JinkoSolar (NYSE:JKS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) EPS for the quarter, missing analysts' consensus estimates of ($1.45) by ($1.40). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The firm's revenue was down 39.9% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. As a group, equities analysts expect that JinkoSolar Holding Co., Ltd. will post -0.24 earnings per share for the current fiscal year.

JinkoSolar 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.