Driehaus Capital Management LLC raised its holdings in 51job, Inc. (NASDAQ:JOBS) by 213.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,213 shares of the company’s stock after acquiring an additional 16,494 shares during the period. Driehaus Capital Management LLC’s holdings in 51job were worth $1,473,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Harding Loevner LP raised its holdings in 51job by 2.3% in the 3rd quarter. Harding Loevner LP now owns 5,016,352 shares of the company’s stock valued at $304,041,000 after acquiring an additional 113,414 shares during the last quarter. Wasatch Advisors Inc. grew its stake in shares of 51job by 98.5% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,364,389 shares of the company’s stock valued at $82,696,000 after buying an additional 677,037 shares during the period. Alliancebernstein L.P. grew its stake in shares of 51job by 175.0% in the 4th quarter. Alliancebernstein L.P. now owns 718,797 shares of the company’s stock valued at $43,739,000 after buying an additional 457,380 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of 51job by 32.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,192 shares of the company’s stock valued at $27,820,000 after buying an additional 112,232 shares during the period. Finally, BlackRock Inc. grew its stake in shares of 51job by 9.6% in the 4th quarter. BlackRock Inc. now owns 427,947 shares of the company’s stock valued at $26,040,000 after buying an additional 37,327 shares during the period. Institutional investors own 41.81% of the company’s stock.
Shares of 51job, Inc. (NASDAQ JOBS) opened at $81.59 on Wednesday. 51job, Inc. has a one year low of $34.88 and a one year high of $84.47. The company has a quick ratio of 4.18, a current ratio of 3.86 and a debt-to-equity ratio of 0.28. The firm has a market cap of $5,140.27, a P/E ratio of 39.81 and a beta of 1.27.
Several analysts have recently weighed in on JOBS shares. BidaskClub raised shares of 51job from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 3rd. Citigroup raised shares of 51job from a “neutral” rating to a “buy” rating in a research note on Friday, March 2nd.
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51job Company Profile
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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