5,302 Shares in JinkoSolar Holding Co., Ltd. (NYSE:JKS) Bought by New York State Common Retirement Fund

New York State Common Retirement Fund purchased a new stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,302 shares of the semiconductor company’s stock, valued at approximately $132,000.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC raised its stake in JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after buying an additional 537 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in JinkoSolar by 15.8% during 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 during the period. Banque Cantonale Vaudoise boosted its stake in 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 acquiring an additional 5,265 shares in the last quarter. Geode Capital Management LLC grew its holdings in JinkoSolar by 19.7% in the third quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company’s stock worth $1,197,000 after purchasing an additional 7,333 shares during the period. Finally, Green Alpha Advisors LLC increased its stake in shares of JinkoSolar by 15.4% during the fourth quarter. Green Alpha Advisors LLC now owns 82,531 shares of the semiconductor company’s stock valued at $2,055,000 after purchasing an additional 10,983 shares in the last quarter. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Stock Up 0.7 %

Shares of JKS opened at $22.85 on Thursday. The firm has a fifty day moving average price of $22.89 and a 200-day moving average price of $22.76. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.21 billion, a P/E ratio of 38.73 and a beta of 0.40. JinkoSolar Holding Co., Ltd. has a 12-month low of $16.70 and a 12-month high of $37.36.

Analysts Set New Price Targets

JKS has been the subject of several analyst reports. Glj Research reduced their price target on JinkoSolar from $13.08 to $10.95 and set a “sell” rating for the company in a report on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Daiwa Capital Markets cut 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, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.79.

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.