Hsbc Holdings PLC Acquires 147,992 Shares of JinkoSolar Holding Company Limited $JKS

Hsbc Holdings PLC lifted its holdings in JinkoSolar Holding Company Limited (NYSE:JKS) by 355.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 189,569 shares of the semiconductor company’s stock after purchasing an additional 147,992 shares during the period. Hsbc Holdings PLC’s holdings in JinkoSolar were worth $4,817,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JKS. Banque Cantonale Vaudoise raised its stake in JinkoSolar by 37.5% in the first quarter. Banque Cantonale Vaudoise now owns 3,079 shares of the semiconductor company’s stock worth $78,000 after buying an additional 839 shares in the last quarter. Trexquant Investment LP lifted its holdings in JinkoSolar by 2.1% during the fourth quarter. Trexquant Investment LP now owns 42,378 shares of the semiconductor company’s stock worth $1,094,000 after buying an additional 889 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its position in JinkoSolar by 7.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 17,065 shares of the semiconductor company’s stock valued at $440,000 after acquiring an additional 1,219 shares in the last quarter. Raymond James Financial Inc. bought a new stake in JinkoSolar during the 2nd quarter valued at $47,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of JinkoSolar by 18.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 17,600 shares of the semiconductor company’s stock valued at $454,000 after acquiring an additional 2,700 shares during the period. 35.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on JKS shares. Weiss Ratings lowered JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. UBS Group lifted their target price on JinkoSolar from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Freedom Capital raised shares of JinkoSolar from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.38.

JinkoSolar Stock Performance

Shares of JKS stock opened at $14.84 on Friday. JinkoSolar Holding Company Limited has a 12-month low of $14.78 and a 12-month high of $31.88. The business’s fifty day simple moving average is $18.66 and its 200-day simple moving average is $23.09. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16. The company has a market cap of $776.96 million, a PE ratio of -1.52 and a beta of 0.51.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%.The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Analysts expect that JinkoSolar Holding Company Limited will post -2.76 earnings per share for the current fiscal year.

JinkoSolar Announces Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, July 9th. Shareholders of record on Monday, June 22nd were issued a $1.50 dividend. This represents a yield of 837.0%. The ex-dividend date of this dividend was Monday, June 22nd. JinkoSolar’s dividend payout ratio (DPR) is currently -15.20%.

Insider Activity

In related news, Director Xianhua Li sold 1,280,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $25.53, for a total value of $32,678,400.00. Following the completion of the transaction, the director directly owned 10,349,612 shares of the company’s stock, valued at $264,225,594.36. This trade represents a 11.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wing Keong Siew sold 16,000 shares of JinkoSolar stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $16.49, for a total transaction of $263,840.00. Following the completion of the sale, the director owned 170,000 shares of the company’s stock, valued at $2,803,300. This trade represents a 8.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,312,000 shares of company stock worth $33,360,000. Corporate insiders own 19.80% of the company’s stock.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.