JinkoSolar Holding Co., Ltd. (NYSE:JKS) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC cut its position in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,043 shares of the semiconductor company’s stock after selling 8,636 shares during the quarter. Krane Funds Advisors LLC’s holdings in JinkoSolar were worth $524,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Pictet Asset Management Holding SA acquired a new position in JinkoSolar in the fourth quarter valued at $5,948,000. AI Squared Management Ltd purchased a new stake in JinkoSolar during the 4th quarter valued at approximately $2,336,000. State Street Corp increased its holdings in shares of JinkoSolar by 10.7% in the third quarter. State Street Corp now owns 696,763 shares of the semiconductor company’s stock valued at $18,687,000 after purchasing an additional 67,223 shares during the period. SG Americas Securities LLC acquired a new stake in shares of JinkoSolar during the fourth quarter worth $1,435,000. Finally, Himension Capital Singapore PTE. LTD. grew its position in JinkoSolar by 472.8% in the 4th quarter. Himension Capital Singapore PTE. LTD. now owns 55,175 shares of the semiconductor company’s stock valued at $1,374,000 after buying an additional 45,542 shares during the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JKS has been the topic of several analyst reports. Daiwa Capital Markets downgraded shares of JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Glj Research dropped their target price on JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a research report on Thursday, January 23rd. UBS Group reduced their price target on JinkoSolar from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Finally, The Goldman Sachs Group cut their price objective on JinkoSolar from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, JinkoSolar presently has a consensus rating of “Hold” and an average target price of $27.19.

JinkoSolar Stock Performance

NYSE JKS opened at $15.69 on Monday. The business has a 50 day moving average price of $21.47 and a 200 day moving average price of $23.13. The company has a market capitalization of $834.00 million, a P/E ratio of 26.59 and a beta of 0.17. JinkoSolar Holding Co., Ltd. has a 1-year low of $14.38 and a 1-year high of $37.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings results on Wednesday, March 26th. The semiconductor company reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.55). JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The firm had revenue of $20.65 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The company’s quarterly revenue was down 37.1% compared to the same quarter last year. Sell-side analysts expect that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current fiscal year.

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.