JinkoSolar Holding Company Limited (JKS) Shares Bought by UBS Group AG

UBS Group AG raised its position in JinkoSolar Holding Company Limited (NYSE:JKS) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,182 shares of the semiconductor company’s stock after buying an additional 378 shares during the period. UBS Group AG owned about 0.07% of JinkoSolar Holding Company Limited worth $367,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of JinkoSolar Holding Company Limited by 1,943.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 220,667 shares of the semiconductor company’s stock worth $3,361,000 after buying an additional 209,867 shares during the period. FMR LLC acquired a new position in shares of JinkoSolar Holding Company Limited during the fourth quarter worth approximately $233,000. DnB Asset Management AS increased its position in shares of JinkoSolar Holding Company Limited by 0.8% in the first quarter. DnB Asset Management AS now owns 324,290 shares of the semiconductor company’s stock worth $5,373,000 after buying an additional 2,700 shares during the period. Guinness Asset Management Ltd increased its position in shares of JinkoSolar Holding Company Limited by 5.5% in the first quarter. Guinness Asset Management Ltd now owns 17,390 shares of the semiconductor company’s stock worth $288,000 after buying an additional 900 shares during the period. Finally, Profund Advisors LLC increased its position in shares of JinkoSolar Holding Company Limited by 4.6% in the first quarter. Profund Advisors LLC now owns 35,958 shares of the semiconductor company’s stock worth $596,000 after buying an additional 1,569 shares during the period. 23.66% of the stock is owned by institutional investors.

JinkoSolar Holding Company Limited (NYSE JKS) opened at 26.33 on Friday. JinkoSolar Holding Company Limited has a 12-month low of $12.72 and a 12-month high of $29.36. The stock has a market capitalization of $842.48 million, a price-to-earnings ratio of 3.60 and a beta of 2.04. The firm has a 50-day moving average of $25.46 and a 200 day moving average of $19.24.

JinkoSolar Holding Company Limited (NYSE:JKS) last announced its quarterly earnings data on Monday, June 5th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.20. JinkoSolar Holding Company Limited had a net margin of 6.92% and a return on equity of 12.53%. The firm had revenue of $839.30 million during the quarter, compared to analyst estimates of $780.08 million. During the same quarter in the previous year, the business posted $1.72 earnings per share. JinkoSolar Holding Company Limited’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts predict that JinkoSolar Holding Company Limited will post $1.53 earnings per share for the current fiscal year.

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A number of equities analysts recently commented on JKS shares. Morgan Stanley downgraded shares of JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $19.40 to $16.00 in a research note on Friday, May 26th. Citigroup Inc. downgraded shares of JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $15.55 to $15.00 in a research note on Friday, May 26th. Credit Suisse Group set a $20.00 price objective on shares of JinkoSolar Holding Company Limited and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Zacks Investment Research downgraded shares of JinkoSolar Holding Company Limited from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Finally, Axiom Securities reaffirmed a “buy” rating on shares of JinkoSolar Holding Company Limited in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.00.

JinkoSolar Holding Company Limited Company Profile

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

Institutional Ownership by Quarter for JinkoSolar Holding Company Limited (NYSE:JKS)

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