48,061 Shares in JinkoSolar Holding Co., Ltd. (NYSE:JKS) Bought by Stifel Financial Corp

Stifel Financial Corp purchased a new position in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 48,061 shares of the semiconductor company's stock, valued at approximately $1,197,000. Stifel Financial Corp owned about 0.09% of JinkoSolar as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in JKS. CANADA LIFE ASSURANCE Co purchased a new stake in shares of JinkoSolar during the 4th quarter worth approximately $55,000. Jump Financial LLC bought a new stake in shares of JinkoSolar in the fourth quarter valued at $200,000. XTX Topco Ltd purchased a new position in shares of JinkoSolar during the 4th quarter valued at $258,000. Barclays PLC grew 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 acquiring an additional 9,861 shares during the period. Finally, DRW Securities LLC purchased a new stake in JinkoSolar in the 4th quarter worth about $847,000. Hedge funds and other institutional investors own 35.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on JKS shares. UBS Group cut 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. The Goldman Sachs Group lowered their target price on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Citigroup lowered JinkoSolar from a "buy" rating to a "sell" rating in a report on Monday, May 5th. Finally, Glj Research decreased their price objective on JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research note on Thursday, January 23rd. Four 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 has an average rating of "Hold" and an average price target of $27.19.

JinkoSolar Price Performance

NYSE:JKS traded up $0.25 during trading hours on Friday, hitting $18.88. 399,713 shares of the company's stock traded hands, compared to its average volume of 1,069,050. JinkoSolar Holding Co., Ltd. has a 52 week low of $13.42 and a 52 week high of $37.36. The business's fifty day simple moving average is $18.63 and its two-hundred day simple moving average is $21.91. 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 market cap of $970.00 million, a P/E ratio of 32.00 and a beta of 0.16.

JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The semiconductor company reported ($2.85) EPS for the quarter, missing the consensus estimate of ($1.45) by ($1.40). The business had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.89 billion. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The firm's revenue for the quarter was down 39.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. On average, research analysts anticipate 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.