California Public Employees Retirement System lifted its holdings in 51job, Inc. (NASDAQ:JOBS) by 20.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,600 shares of the company’s stock after buying an additional 12,400 shares during the quarter. California Public Employees Retirement System owned approximately 0.12% of 51job worth $3,203,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in JOBS. Ameriprise Financial Inc. grew its position in shares of 51job by 15.4% in the 1st quarter. Ameriprise Financial Inc. now owns 25,258 shares of the company’s stock worth $926,000 after buying an additional 3,369 shares during the period. Prudential Financial Inc. purchased a new stake in 51job during the 1st quarter valued at about $224,000. Dimensional Fund Advisors LP grew its position in 51job by 286.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 89,629 shares of the company’s stock valued at $3,285,000 after purchasing an additional 66,423 shares during the last quarter. Morgan Stanley grew its position in 51job by 37.2% during the 1st quarter. Morgan Stanley now owns 355,089 shares of the company’s stock valued at $13,018,000 after purchasing an additional 96,329 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in 51job during the 1st quarter valued at about $3,342,000. 39.83% of the stock is currently owned by hedge funds and other institutional investors.
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51job, Inc. (JOBS) traded up $1.37 on Friday, reaching $63.80. 239,800 shares of the company’s stock traded hands, compared to its average volume of 146,705. The company has a quick ratio of 4.57, a current ratio of 4.57 and a debt-to-equity ratio of 0.24. The company has a market cap of $3,833.88, a PE ratio of 33.93 and a beta of 1.28. 51job, Inc. has a 1-year low of $31.25 and a 1-year high of $65.85.
Separately, Macquarie raised shares of 51job from a “neutral” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Friday, August 4th.
51job, Inc is a holding company. The Company is a provider of integrated human resource services in China. The Company focuses on online recruitment advertising. The Company operates over three Websites, including www.51job.com, www.yingjiesheng.com and www.51jingying.com, which are utilized by a base of corporate employers, reach an audience of job seekers and aggregate job information from over 100 cities across China.
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