Geode Capital Management LLC Has $1.20 Million Stock Position in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Geode Capital Management LLC boosted its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 19.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 44,613 shares of the semiconductor company’s stock after purchasing an additional 7,333 shares during the quarter. Geode Capital Management LLC’s holdings in JinkoSolar were worth $1,197,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in shares of JinkoSolar by 607.7% in the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock worth $84,000 after buying an additional 3,476 shares during the period. Dimensional Fund Advisors LP boosted its position in JinkoSolar by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company’s stock worth $20,357,000 after acquiring an additional 74,219 shares during the period. Profund Advisors LLC grew its stake in JinkoSolar by 8.5% during the 2nd quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after acquiring an additional 960 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of JinkoSolar by 49.5% in the 2nd quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock valued at $9,277,000 after purchasing an additional 148,268 shares during the period. Finally, Point72 Europe London LLP purchased a new stake in shares of JinkoSolar in the second quarter worth approximately $3,023,000. 35.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JKS has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, JinkoSolar presently has an average rating of “Hold” and an average target price of $31.33.

JinkoSolar Stock Down 6.5 %

JinkoSolar stock opened at $26.10 on Friday. The company has a market capitalization of $1.39 billion, a P/E ratio of 44.24 and a beta of 0.30. JinkoSolar Holding Co., Ltd. has a 1-year low of $16.70 and a 1-year high of $37.36. The firm’s fifty day simple moving average is $24.82 and its 200-day simple moving average is $22.44. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

JinkoSolar 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.