JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shares Sold by UBS Group AG

UBS Group AG reduced its holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Rating) by 40.4% during the 3rd quarter, Holdings Channel reports. The fund owned 54,038 shares of the semiconductor company’s stock after selling 36,668 shares during the period. UBS Group AG’s holdings in JinkoSolar were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Daiwa Securities Group Inc. boosted its holdings in shares of JinkoSolar by 13.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,400 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 400 shares during the last quarter. abrdn plc boosted its holdings in shares of JinkoSolar by 1.5% in the 2nd quarter. abrdn plc now owns 29,998 shares of the semiconductor company’s stock valued at $1,927,000 after acquiring an additional 442 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of JinkoSolar by 11.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,846 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 498 shares during the last quarter. US Bancorp DE boosted its holdings in shares of JinkoSolar by 25.0% in the 3rd quarter. US Bancorp DE now owns 2,680 shares of the semiconductor company’s stock valued at $148,000 after acquiring an additional 536 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of JinkoSolar by 9.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,737 shares of the semiconductor company’s stock valued at $373,000 after acquiring an additional 605 shares during the last quarter.

JinkoSolar Stock Performance

Shares of NYSE JKS opened at $56.22 on Friday. The company’s fifty day moving average price is $52.03 and its 200 day moving average price is $51.99. JinkoSolar Holding Co., Ltd. has a 1 year low of $36.51 and a 1 year high of $76.92. The company has a market capitalization of $2.82 billion, a PE ratio of -244.42 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 1.09.

Analyst Ratings Changes

JKS has been the topic of several recent research reports. Roth Capital raised shares of JinkoSolar from a “neutral” rating to a “buy” rating and upped their price objective for the company from $50.00 to $70.00 in a report on Wednesday, January 11th. The Goldman Sachs Group increased their price target on shares of JinkoSolar from $38.00 to $41.00 in a report on Monday, January 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $59.75.

JinkoSolar Profile

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JinkoSolar Holding Co, Ltd. engages in the manufacture of solar modules. It distributes solar products and sells its solutions and services to a diversified international utility, commercial and residential customers. The company was founded by Xiande Li, Kangping Chen, and Xianhua Li on August 3, 2007 and is headquartered in Shangrao, China.