Barclays PLC Has $62,000 Stake in 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 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Signaturefd LLC lifted its stake in shares of JinkoSolar by 108.0% in the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 647 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of JinkoSolar by 8.5% during the second quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 960 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in 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 buying an additional 1,200 shares during the last quarter. Green Alpha Advisors LLC boosted its position in JinkoSolar by 2.1% during the 3rd quarter. Green Alpha Advisors LLC now owns 71,548 shares of the semiconductor company’s stock worth $1,919,000 after buying an additional 1,497 shares during the period. Finally, Banque Cantonale Vaudoise increased its position in JinkoSolar by 198.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 5,265 shares during the period. Institutional investors own 35.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JKS shares. Daiwa Capital Markets downgraded JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Jefferies Financial Group lifted their price objective on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Glj Research lowered their price target on shares of JinkoSolar from $13.08 to $10.95 and set a “sell” rating for the company in a report on Thursday. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.42.

JinkoSolar Trading Up 2.4 %

NYSE:JKS opened at $21.00 on Friday. The firm has a fifty day simple moving average of $24.45 and a two-hundred day simple moving average of $22.51. JinkoSolar Holding Co., Ltd. has a 12 month low of $16.70 and a 12 month high of $37.36. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 35.59 and a beta of 0.30. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

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.