51job, Inc. (JOBS) Position Reduced by Maple Brown Abbott Ltd
Maple Brown Abbott Ltd decreased its stake in shares of 51job, Inc. (NASDAQ:JOBS) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 586,582 shares of the company’s stock after selling 465 shares during the period. 51job accounts for 2.7% of Maple Brown Abbott Ltd’s holdings, making the stock its 16th largest position. Maple Brown Abbott Ltd’s holdings in 51job were worth $26,238,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of JOBS. Penserra Capital Management LLC increased its stake in shares of 51job by 19.0% in the first quarter. Penserra Capital Management LLC now owns 6,746 shares of the company’s stock valued at $247,000 after buying an additional 1,079 shares during the period. Airain ltd acquired a new stake in shares of 51job during the first quarter valued at about $281,000. Trexquant Investment LP acquired a new stake in shares of 51job during the first quarter valued at about $400,000. Ameriprise Financial Inc. increased its stake in shares of 51job by 15.4% in the first quarter. Ameriprise Financial Inc. now owns 25,258 shares of the company’s stock valued at $926,000 after buying an additional 3,369 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of 51job during the first quarter valued at about $1,888,000. 42.64% of the stock is currently owned by institutional investors.
51job, Inc. (JOBS) opened at 56.62 on Thursday. 51job, Inc. has a 12-month low of $31.05 and a 12-month high of $56.94. The stock has a market cap of $3.48 billion, a PE ratio of 41.48 and a beta of 1.33. The firm’s 50-day moving average price is $48.00 and its 200 day moving average price is $41.37.
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Several brokerages recently issued reports on JOBS. Macquarie raised 51job from a “neutral” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Friday, August 4th. BidaskClub upgraded 51job from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd.
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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