New York State Common Retirement Fund acquired a new stake in shares of 51job, Inc. (NASDAQ:JOBS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,646 shares of the company’s stock, valued at approximately $834,000.
Several other institutional investors have also added to or reduced their stakes in JOBS. Acadian Asset Management LLC boosted its position in shares of 51job by 292.5% during the second quarter. Acadian Asset Management LLC now owns 419,773 shares of the company’s stock valued at $18,777,000 after buying an additional 312,819 shares during the last quarter. Morgan Stanley boosted its position in shares of 51job by 37.2% during the first quarter. Morgan Stanley now owns 355,089 shares of the company’s stock valued at $13,018,000 after buying an additional 96,329 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of 51job by 40.8% during the second quarter. Alliancebernstein L.P. now owns 327,217 shares of the company’s stock valued at $14,636,000 after buying an additional 94,850 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of 51job during the first quarter valued at $3,342,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 51job by 286.2% during the first quarter. Dimensional Fund Advisors LP now owns 89,629 shares of the company’s stock valued at $3,285,000 after buying an additional 66,423 shares during the last quarter. 39.83% of the stock is currently owned by institutional investors.
Separately, Macquarie raised 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.
Shares of 51job, Inc. (NASDAQ:JOBS) opened at $62.03 on Tuesday. The company has a current ratio of 4.57, a quick ratio of 4.57 and a debt-to-equity ratio of 0.24. 51job, Inc. has a 12-month low of $31.25 and a 12-month high of $65.85. The company has a market capitalization of $3,760.18, a price-to-earnings ratio of 34.59 and a beta of 1.28.
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.
Want to see what other hedge funds are holding JOBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 51job, Inc. (NASDAQ:JOBS).
Receive News & Ratings for 51job Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 51job Inc. and related companies with MarketBeat.com's FREE daily email newsletter.