Capital Wealth Planning LLC Buys Shares of 30,209 JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Capital Wealth Planning LLC bought a new stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,209 shares of the semiconductor company’s stock, valued at approximately $752,000. Capital Wealth Planning LLC owned 0.06% of JinkoSolar at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JKS. Barclays PLC increased its stake in shares of JinkoSolar by 30.2% in the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 537 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of 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 acquiring an additional 1,200 shares during the last quarter. Banque Cantonale Vaudoise increased its stake 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 acquiring an additional 5,265 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of JinkoSolar in the 4th quarter valued at about $132,000. Finally, Geode Capital Management LLC increased its stake in shares of JinkoSolar by 19.7% in the 3rd quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company’s stock valued at $1,197,000 after acquiring an additional 7,333 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Trading Down 4.5 %

NYSE:JKS opened at $22.60 on Friday. JinkoSolar Holding Co., Ltd. has a twelve month low of $16.70 and a twelve month high of $37.36. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $23.05 and a two-hundred day moving average price of $22.71. The company has a market cap of $1.20 billion, a P/E ratio of 38.30 and a beta of 0.27.

Wall Street Analyst Weigh In

A number of analysts have recently commented on JKS shares. Daiwa Capital Markets cut JinkoSolar from an “underperform” rating to a “sell” rating in a research note on Friday, January 10th. Jefferies Financial Group increased their target price on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Glj Research lowered their target price on JinkoSolar from $13.08 to $10.95 and set a “sell” rating for the company in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.79.

JinkoSolar Company Profile

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.