Korea Investment CORP acquired a new position in shares of 51job, Inc. (NASDAQ:JOBS) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 10,200 shares of the company’s stock, valued at approximately $996,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of JOBS. Virginia Retirement Systems ET AL acquired a new stake in 51job during the 1st quarter worth about $258,000. Northern Trust Corp raised its holdings in 51job by 5.5% during the 1st quarter. Northern Trust Corp now owns 200,754 shares of the company’s stock worth $17,273,000 after buying an additional 10,508 shares during the period. BlackRock Inc. raised its holdings in 51job by 12.7% during the 1st quarter. BlackRock Inc. now owns 482,153 shares of the company’s stock worth $41,485,000 after buying an additional 54,206 shares during the period. JPMorgan Chase & Co. raised its holdings in 51job by 33.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,594,909 shares of the company’s stock worth $137,226,000 after buying an additional 400,553 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in 51job by 12.7% during the 1st quarter. Fisher Asset Management LLC now owns 82,021 shares of the company’s stock worth $7,057,000 after buying an additional 9,226 shares during the period. Hedge funds and other institutional investors own 41.76% of the company’s stock.
NASDAQ JOBS opened at $69.00 on Monday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 32.70 and a beta of 1.05. 51job, Inc. has a 1 year low of $56.22 and a 1 year high of $114.63.
51job (NASDAQ:JOBS) last released its earnings results on Thursday, August 2nd. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.20. 51job had a return on equity of 18.29% and a net margin of 13.09%. The company had revenue of $135.34 million for the quarter.
Separately, BidaskClub downgraded 51job from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st.
51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers recruitment advertising services, including online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, and lagou.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites.
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