Wells Fargo & Company MN trimmed its holdings in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 81.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,700 shares of the semiconductor company’s stock after selling 7,574 shares during the period. Wells Fargo & Company MN’s holdings in JinkoSolar were worth $37,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Advisors Preferred LLC bought a new stake in JinkoSolar during the second quarter worth approximately $55,000. BNP Paribas Arbitrage SA boosted its holdings in JinkoSolar by 29,117.1% during the second quarter. BNP Paribas Arbitrage SA now owns 10,226 shares of the semiconductor company’s stock worth $222,000 after buying an additional 10,191 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in JinkoSolar during the second quarter worth approximately $308,000. First Trust Advisors LP boosted its holdings in JinkoSolar by 3.8% during the first quarter. First Trust Advisors LP now owns 27,780 shares of the semiconductor company’s stock worth $500,000 after buying an additional 1,018 shares in the last quarter. Finally, Aperio Group LLC boosted its holdings in JinkoSolar by 10.0% during the second quarter. Aperio Group LLC now owns 35,263 shares of the semiconductor company’s stock worth $765,000 after buying an additional 3,205 shares in the last quarter. Hedge funds and other institutional investors own 44.74% of the company’s stock.

NYSE:JKS traded down $0.90 during trading hours on Wednesday, reaching $15.11. 530,771 shares of the company’s stock were exchanged, compared to its average volume of 852,743. The company has a market capitalization of $691.44 million, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 0.26 and a beta of 1.86. JinkoSolar Holding Co., Ltd. has a 12 month low of $7.11 and a 12 month high of $24.84. The company has a quick ratio of 0.73, a current ratio of 0.95 and a debt-to-equity ratio of 0.34. The business’s 50-day simple moving average is $18.69 and its two-hundred day simple moving average is $19.77.

JinkoSolar (NYSE:JKS) last issued its earnings results on Friday, August 30th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.10). JinkoSolar had a return on equity of 5.36% and a net margin of 1.72%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $931.74 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts anticipate that JinkoSolar Holding Co., Ltd. will post 3 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on JKS. Credit Suisse Group raised their target price on shares of JinkoSolar from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. ValuEngine cut shares of JinkoSolar from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of JinkoSolar from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.50.

JinkoSolar Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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Institutional Ownership by Quarter for JinkoSolar (NYSE:JKS)

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