Insider Selling: JinkoSolar (NYSE:JKS) Director Sells $417,760.00 in Stock

JinkoSolar Holding Company Limited (NYSE:JKS) Director Wing Keong Siew sold 16,000 shares of JinkoSolar stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $26.11, for a total transaction of $417,760.00. Following the sale, the director owned 186,000 shares of the company’s stock, valued at approximately $4,856,460. The trade was a 7.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

JinkoSolar Stock Down 4.7%

NYSE:JKS opened at $24.82 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.26 and a quick ratio of 0.95. The company’s fifty day moving average price is $24.01 and its 200-day moving average price is $25.77. JinkoSolar Holding Company Limited has a 1-year low of $17.53 and a 1-year high of $31.88. The firm has a market capitalization of $1.30 billion, a P/E ratio of -2.55 and a beta of 0.53.

JinkoSolar (NYSE:JKS) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. As a group, equities research analysts anticipate that JinkoSolar Holding Company Limited will post -2.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Freedom Capital upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Daiwa Securities Group upgraded JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price target for the company in a research report on Tuesday, March 24th. Weiss Ratings downgraded JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Zacks Research lowered JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.13.

Institutional Investors Weigh In On JinkoSolar

A number of institutional investors have recently modified their holdings of JKS. Raymond James Financial Inc. purchased a new position in shares of JinkoSolar in the 2nd quarter valued at about $47,000. Banque Cantonale Vaudoise purchased a new position in JinkoSolar during the fourth quarter worth approximately $58,000. Leonteq Securities AG acquired a new stake in JinkoSolar in the fourth quarter valued at approximately $101,000. New York State Common Retirement Fund purchased a new stake in shares of JinkoSolar in the third quarter valued at approximately $182,000. Finally, Federation des caisses Desjardins du Quebec increased its position in shares of JinkoSolar by 277.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 5,211 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Company Profile

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.