JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,728 shares of the semiconductor company’s stock after selling 1,372 shares during the period. BNP Paribas Financial Markets owned 0.13% of JinkoSolar worth $1,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of JinkoSolar by 108.0% during the third quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock worth $33,000 after buying an additional 647 shares during the period. Headlands Technologies LLC boosted its position in JinkoSolar by 607.7% during the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 3,476 shares during the period. Banque Cantonale Vaudoise grew its stake in shares of JinkoSolar by 198.1% in the third quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 5,265 shares in 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 valued at $236,000 after purchasing an additional 1,200 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of JinkoSolar by 43.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,659 shares of the semiconductor company’s stock valued at $242,000 after purchasing an additional 3,521 shares in the last quarter. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Stock Performance

JKS opened at $26.85 on Friday. The business has a fifty day simple moving average of $23.86 and a 200-day simple moving average of $22.42. The firm has a market cap of $1.43 billion, a PE ratio of 45.51 and a beta of 0.35. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. JinkoSolar Holding Co., Ltd. has a fifty-two week low of $16.70 and a fifty-two week high of $38.37.

Wall Street Analyst Weigh In

Several equities analysts have commented on JKS shares. The Goldman Sachs Group lowered their target price on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, September 3rd. 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. StockNews.com upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group lifted their price target on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, JinkoSolar has an average rating of “Hold” and a consensus target price of $31.33.

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.