51job, Inc. (NASDAQ:JOBS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $63.80 and last traded at $63.93, with a volume of 385,805 shares changing hands. The stock had previously closed at $61.73.
Several brokerages recently issued reports on JOBS. Macquarie raised shares of 51job from a “neutral” rating to an “outperform” rating and set a $60.00 price target on the stock in a report on Friday, August 4th. BidaskClub raised shares of 51job from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd.
The firm has a 50 day moving average price of $59.88 and a 200-day moving average price of $48.82. The firm has a market cap of $3.94 billion, a PE ratio of 45.71 and a beta of 1.24.
A number of institutional investors and hedge funds have recently made changes to their positions in JOBS. Bank of America Corp DE grew its position in 51job by 154.2% during the first quarter. Bank of America Corp DE now owns 2,860 shares of the company’s stock valued at $105,000 after acquiring an additional 1,735 shares during the last quarter. SG Americas Securities LLC bought a new position in 51job during the second quarter valued at approximately $127,000. Prudential Financial Inc. bought a new position in 51job during the first quarter valued at approximately $224,000. Parametric Portfolio Associates LLC bought a new position in 51job during the second quarter valued at approximately $241,000. Finally, Eqis Capital Management Inc. bought a new position in 51job during the third quarter valued at approximately $269,000. 39.72% of the stock is currently owned by institutional investors and hedge funds.
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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