JinkoSolar Holding Co., Ltd. (NYSE:JKS) Stock Holdings Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 70.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,400 shares of the semiconductor company’s stock after selling 5,761 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in JinkoSolar were worth $64,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of JKS. Daiwa Securities Group Inc. increased its stake in 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 last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of JinkoSolar by 198.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 5,265 shares during the period. Signaturefd LLC grew its position in shares of JinkoSolar by 108.0% during 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 during the last quarter. Green Alpha Advisors LLC raised its stake in JinkoSolar by 2.1% during the third quarter. Green Alpha Advisors LLC now owns 71,548 shares of the semiconductor company’s stock worth $1,919,000 after acquiring an additional 1,497 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in JinkoSolar by 1.8% in the second quarter. Mackenzie Financial Corp now owns 2,572,177 shares of the semiconductor company’s stock worth $53,296,000 after acquiring an additional 44,661 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

JinkoSolar Price Performance

Shares of NYSE JKS opened at $23.80 on Friday. The firm’s 50-day simple moving average is $23.92 and its 200 day simple moving average is $22.33. The stock has a market cap of $1.27 billion, a P/E ratio of 40.34 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.

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.