abrdn plc Acquires 493 Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS)

abrdn plc raised its position in JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Rating) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,984 shares of the semiconductor company’s stock after acquiring an additional 493 shares during the period. abrdn plc owned approximately 0.06% of JinkoSolar worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of JKS. Victory Capital Management Inc. purchased a new position in shares of JinkoSolar in the fourth quarter worth $351,000. Citigroup Inc. raised its holdings in shares of JinkoSolar by 13.0% in the fourth quarter. Citigroup Inc. now owns 22,931 shares of the semiconductor company’s stock worth $937,000 after buying an additional 2,630 shares during the last quarter. Perseverance Asset Management International raised its holdings in shares of JinkoSolar by 150.6% in the fourth quarter. Perseverance Asset Management International now owns 24,385 shares of the semiconductor company’s stock worth $997,000 after buying an additional 14,653 shares during the last quarter. UBS Group AG raised its holdings in shares of JinkoSolar by 24.9% in the fourth quarter. UBS Group AG now owns 67,467 shares of the semiconductor company’s stock worth $2,758,000 after buying an additional 13,429 shares during the last quarter. Finally, Decade Renewable Partners LP purchased a new position in shares of JinkoSolar in the fourth quarter worth $3,945,000.

JinkoSolar Trading Down 0.4 %

Shares of JinkoSolar stock opened at $45.94 on Thursday. JinkoSolar Holding Co., Ltd. has a 1 year low of $38.43 and a 1 year high of $76.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.06 and a quick ratio of 0.74. The firm has a fifty day moving average price of $47.09 and a 200 day moving average price of $49.62. The stock has a market cap of $2.34 billion, a PE ratio of 22.41 and a beta of 0.82.

JinkoSolar (NYSE:JKS – Get Rating) last released its quarterly earnings data on Friday, March 10th. The semiconductor company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. JinkoSolar had a net margin of 1.51% and a return on equity of 8.66%. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Equities research analysts predict that JinkoSolar Holding Co., Ltd. will post 8.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JKS. The Goldman Sachs Group raised their price target on shares of JinkoSolar from $38.00 to $41.00 in a report on Monday, January 30th. StockNews.com assumed coverage on shares of JinkoSolar in a report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, HSBC raised their target price on shares of JinkoSolar from $77.00 to $78.00 in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

JinkoSolar Profile

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JinkoSolar Holding Co, Ltd. engages in the manufacture of solar modules. It distributes solar products and sells its solutions and services to a diversified international utility, commercial and residential customers. The company was founded by Xian De Li, Kang Ping Chen, and Xian Hua Li on August 3, 2007 and is headquartered in Shangrao, China.