National Bank of Canada FI Sells 20,101 Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS)

National Bank of Canada FI lessened its holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 94.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,199 shares of the semiconductor company’s stock after selling 20,101 shares during the period. National Bank of Canada FI’s holdings in JinkoSolar were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JKS. Signaturefd LLC grew its holdings in 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 buying an additional 647 shares in the last quarter. Headlands Technologies LLC increased its position in JinkoSolar by 607.7% during the second 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 raised its stake in JinkoSolar by 198.1% in the 3rd 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. boosted 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 purchasing an additional 1,200 shares during the period. Finally, Profund Advisors LLC grew its position in shares of JinkoSolar by 8.5% during the 2nd quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 960 shares in the last quarter. 35.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JKS. The Goldman Sachs Group cut their price target on JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, September 3rd. StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Roth Mkm dropped their price target on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group increased their price objective on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, JinkoSolar has an average rating of “Hold” and a consensus price target of $31.33.

JinkoSolar Price Performance

JinkoSolar stock opened at $25.47 on Thursday. The stock has a fifty day moving average of $23.90 and a 200-day moving average of $22.35. The stock has a market capitalization of $1.35 billion, a P/E ratio of 43.17 and a beta of 0.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. JinkoSolar Holding Co., Ltd. has a 52 week low of $16.70 and a 52 week high of $38.37.

About JinkoSolar

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.