JinkoSolar Holding Co., Ltd. (NYSE:JKS) Stock Position Decreased by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,338,296 shares of the semiconductor company's stock after selling 281,662 shares during the quarter. Vanguard Group Inc. owned 2.52% of JinkoSolar worth $33,324,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of JinkoSolar in the fourth quarter valued at approximately $1,435,000. State Street Corp increased its position in shares of JinkoSolar by 10.7% during the 3rd quarter. State Street Corp now owns 696,763 shares of the semiconductor company's stock valued at $18,687,000 after purchasing an additional 67,223 shares during the period. Bank of New York Mellon Corp raised its stake in shares of JinkoSolar by 245.8% in the 4th quarter. Bank of New York Mellon Corp now owns 41,445 shares of the semiconductor company's stock worth $1,032,000 after buying an additional 29,459 shares in the last quarter. Capital Wealth Planning LLC acquired a new stake in shares of JinkoSolar in the fourth quarter valued at $752,000. Finally, Geode Capital Management LLC boosted its stake in JinkoSolar by 19.7% during the third quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company's stock valued at $1,197,000 after buying an additional 7,333 shares in the last quarter. Institutional investors own 35.82% of the company's stock.

JinkoSolar Stock Up 2.5 %

Shares of JinkoSolar stock traded up $0.40 during midday trading on Friday, hitting $16.18. The company's stock had a trading volume of 881,306 shares, compared to its average volume of 1,064,790. The firm has a market capitalization of $860.15 million, a P/E ratio of 27.43 and a beta of 0.17. JinkoSolar Holding Co., Ltd. has a 1-year low of $13.42 and a 1-year high of $37.36. 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 stock has a 50-day simple moving average of $20.15 and a 200-day simple moving average of $22.57.

JinkoSolar (NYSE:JKS - Get Free Report) last released its earnings results on Wednesday, March 26th. The semiconductor company reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.55). The business had revenue of $20.65 billion for the quarter, compared to analysts' expectations of $3.38 billion. JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The company's revenue was down 37.1% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. As a group, sell-side analysts expect that JinkoSolar Holding Co., Ltd. will post -0.24 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group reduced their price objective 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. Glj Research cut their price objective on JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group cut their target price on JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Finally, Daiwa Capital Markets lowered JinkoSolar from an "underperform" rating to a "sell" rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $27.19.

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.