Migdal Insurance & Financial Holdings Ltd. Has $78,000 Holdings in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Migdal Insurance & Financial Holdings Ltd. lessened its stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 35.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,080 shares of the semiconductor company’s stock after selling 1,135 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in JinkoSolar were worth $78,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vontobel Holding Ltd. lifted its holdings in JinkoSolar by 1.8% during the 4th quarter. Vontobel Holding Ltd. now owns 326,585 shares of the semiconductor company’s stock valued at $12,064,000 after purchasing an additional 5,800 shares during the last quarter. SG Americas Securities LLC lifted its holdings in JinkoSolar by 34.3% during the 4th quarter. SG Americas Securities LLC now owns 110,786 shares of the semiconductor company’s stock valued at $4,092,000 after purchasing an additional 28,304 shares during the last quarter. Green Alpha Advisors LLC lifted its holdings in JinkoSolar by 35.5% during the 4th quarter. Green Alpha Advisors LLC now owns 62,319 shares of the semiconductor company’s stock valued at $2,302,000 after purchasing an additional 16,338 shares during the last quarter. Vanguard Group Inc. lifted its holdings in JinkoSolar by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,554,356 shares of the semiconductor company’s stock valued at $47,206,000 after purchasing an additional 27,438 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in JinkoSolar by 65.7% during the 3rd quarter. Morgan Stanley now owns 2,026,002 shares of the semiconductor company’s stock valued at $61,530,000 after purchasing an additional 803,164 shares during the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Stock Down 0.1 %

Shares of NYSE JKS opened at $21.67 on Friday. JinkoSolar Holding Co., Ltd. has a 52 week low of $21.06 and a 52 week high of $50.46. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.04. The stock’s fifty day moving average is $25.46 and its 200 day moving average is $29.36. The stock has a market capitalization of $1.14 billion, a P/E ratio of 2.76 and a beta of 0.37.

JinkoSolar (NYSE:JKS) last released its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($1.11). JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.08 billion. Sell-side analysts forecast that JinkoSolar Holding Co., Ltd. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JKS. Roth Capital downgraded JinkoSolar from a “buy” rating to a “neutral” rating in a report on Thursday, March 21st. UBS Group lowered their price objective on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Roth Mkm reiterated a “neutral” rating and set a $25.00 price objective (down previously from $50.00) on shares of JinkoSolar in a research report on Thursday, March 21st. HSBC reiterated a “hold” rating and set a $30.00 price objective on shares of JinkoSolar in a research report on Monday, February 5th. Finally, StockNews.com cut JinkoSolar from a “hold” rating to a “sell” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.60.

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; and develops commercial solar power projects.