California Public Employees Retirement System Buys 311,151 Shares of 51job, Inc. (JOBS)

California Public Employees Retirement System raised its stake in 51job, Inc. (NASDAQ:JOBS) by 642.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 359,560 shares of the company’s stock after purchasing an additional 311,151 shares during the quarter. California Public Employees Retirement System owned 0.58% of 51job worth $30,937,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JOBS. APG Asset Management N.V. lifted its position in 51job by 13.8% in the fourth quarter. APG Asset Management N.V. now owns 13,978 shares of the company’s stock valued at $708,000 after purchasing an additional 1,700 shares during the last quarter. US Bancorp DE lifted its position in 51job by 25.0% in the fourth quarter. US Bancorp DE now owns 42,775 shares of the company’s stock valued at $2,603,000 after purchasing an additional 8,561 shares during the last quarter. Penserra Capital Management LLC lifted its position in 51job by 15.5% in the fourth quarter. Penserra Capital Management LLC now owns 46,028 shares of the company’s stock valued at $2,800,000 after purchasing an additional 6,166 shares during the last quarter. Bank of New York Mellon Corp lifted its position in 51job by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 62,236 shares of the company’s stock valued at $3,788,000 after purchasing an additional 2,810 shares during the last quarter. Finally, BlackRock Inc. lifted its position in 51job by 9.6% in the fourth quarter. BlackRock Inc. now owns 427,947 shares of the company’s stock valued at $26,040,000 after purchasing an additional 37,327 shares during the last quarter. Hedge funds and other institutional investors own 43.15% of the company’s stock.

Shares of 51job stock opened at $113.06 on Wednesday. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 0.38. The company has a market cap of $6.78 billion, a P/E ratio of 53.35 and a beta of 1.08. 51job, Inc. has a 52 week low of $42.57 and a 52 week high of $113.37.

51job (NASDAQ:JOBS) last announced its earnings results on Thursday, May 3rd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. The company had revenue of $129.34 million during the quarter. 51job had a return on equity of 16.01% and a net margin of 18.16%.

A number of brokerages recently commented on JOBS. BidaskClub upgraded 51job from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Citigroup upgraded 51job from a “neutral” rating to a “buy” rating in a report on Friday, March 2nd.

About 51job

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.

Institutional Ownership by Quarter for 51job (NASDAQ:JOBS)

Receive News & Ratings for 51job Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 51job and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply