Barclays PLC Buys 537 Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Barclays PLC lifted its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 30.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,318 shares of the semiconductor company’s stock after purchasing an additional 537 shares during the quarter. Barclays PLC’s holdings in JinkoSolar were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JKS. Signaturefd LLC grew its position 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 in the last quarter. Headlands Technologies LLC grew its position in JinkoSolar by 607.7% during the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock worth $84,000 after buying an additional 3,476 shares in the last quarter. Banque Cantonale Vaudoise increased its stake in JinkoSolar by 198.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 5,265 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of JinkoSolar by 15.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock valued at $236,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in shares of JinkoSolar by 8.5% during the 2nd quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after acquiring an additional 960 shares during the last quarter. Hedge funds and other institutional investors own 35.82% of the company’s stock.

JinkoSolar Price Performance

JKS opened at $26.10 on Friday. 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 stock’s 50 day simple moving average is $24.82 and its 200 day simple moving average is $22.44. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 44.24 and a beta of 0.30. JinkoSolar Holding Co., Ltd. has a 1 year low of $16.70 and a 1 year high of $37.36.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group raised their price objective on shares of JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.33.

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.