Bank of New York Mellon Corp grew its stake in shares of 51job, Inc. (NASDAQ:JOBS) by 19.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,875 shares of the company’s stock after acquiring an additional 8,985 shares during the period. Bank of New York Mellon Corp owned 0.09% of 51job worth $2,454,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of 51job during the second quarter worth $127,000. Bank of America Corp DE lifted its position in shares of 51job by 154.2% during the first quarter. Bank of America Corp DE now owns 2,860 shares of the company’s stock worth $105,000 after acquiring an additional 1,735 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of 51job during the first quarter worth $224,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of 51job during the second quarter worth $319,000. Finally, Karp Capital Management Corp purchased a new stake in shares of 51job during the first quarter worth $425,000. Hedge funds and other institutional investors own 39.72% of the company’s stock.
Several equities research analysts have issued reports on the company. Macquarie upgraded 51job from a “neutral” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Friday, August 4th. BidaskClub upgraded 51job from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd.
Shares of 51job, Inc. (JOBS) opened at 64.50 on Friday. 51job, Inc. has a 52-week low of $31.25 and a 52-week high of $64.77. The firm’s 50 day moving average price is $60.03 and its 200 day moving average price is $48.93. The stock has a market cap of $3.96 billion, a P/E ratio of 45.94 and a beta of 1.24.
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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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