JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 70.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,400 shares of the semiconductor company’s stock after selling 5,761 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in JinkoSolar were worth $64,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Decade Renewable Partners LP purchased a new position in JinkoSolar during the second quarter worth approximately $4,272,000. Millennium Management LLC boosted its holdings in JinkoSolar by 2,305.1% in the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company’s stock valued at $3,500,000 after acquiring an additional 161,888 shares during the last quarter. Marshall Wace LLP increased its stake in JinkoSolar by 49.5% during the second quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock worth $9,277,000 after acquiring an additional 148,268 shares during the last quarter. Point72 Europe London LLP purchased a new position in shares of JinkoSolar in the 2nd quarter worth about $3,023,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of JinkoSolar by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company’s stock worth $20,357,000 after purchasing an additional 74,219 shares during the period. Hedge funds and other institutional investors own 35.82% of the company’s stock.

Analyst Ratings Changes

JKS has been the topic of a number of recent research reports. StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group raised their price objective on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. The Goldman Sachs Group decreased their target price on JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, September 3rd. Finally, Roth Mkm dropped their target price on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.33.

JinkoSolar Stock Down 0.9 %

Shares of NYSE JKS opened at $23.80 on Friday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 40.34 and a beta of 0.35. JinkoSolar Holding Co., Ltd. has a 1 year low of $16.70 and a 1 year high of $38.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. The stock’s 50-day simple moving average is $23.92 and its 200-day simple moving average is $22.33.

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.