State Street Corp Acquires 67,223 Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS)

State Street Corp boosted its holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 696,763 shares of the semiconductor company’s stock after buying an additional 67,223 shares during the quarter. State Street Corp owned approximately 1.31% of JinkoSolar worth $18,687,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of JinkoSolar by 108.0% during the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 647 shares during the last quarter. Headlands Technologies LLC boosted its position in JinkoSolar by 607.7% in the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 3,476 shares in the last quarter. Banque Cantonale Vaudoise grew its stake in shares of JinkoSolar by 198.1% during the third quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock worth $212,000 after buying an additional 5,265 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of JinkoSolar by 15.8% during the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock worth $236,000 after buying an additional 1,200 shares in the last quarter. Finally, Profund Advisors LLC grew its position in JinkoSolar by 8.5% during the 2nd quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock worth $253,000 after acquiring an additional 960 shares during the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JKS shares. The Goldman Sachs Group cut their price target on JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, September 3rd. Jefferies Financial Group lifted their target price on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Roth Mkm reduced their target price on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Finally, StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.33.

JinkoSolar Stock Up 6.1 %

Shares of NYSE:JKS opened at $25.24 on Tuesday. 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 current ratio of 1.22 and a quick ratio of 0.97. The business’s 50-day moving average is $23.92 and its 200-day moving average is $22.26. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 42.78 and a beta of 0.35.

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.