Matthews International Capital Management LLC reduced its stake in 51job, Inc. (NASDAQ:JOBS) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,724 shares of the company’s stock after selling 700 shares during the period. Matthews International Capital Management LLC’s holdings in 51job were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of 51job in the 2nd quarter valued at approximately $127,000. Bank of America Corp DE grew its stake in shares of 51job by 154.2% in the 1st quarter. Bank of America Corp DE now owns 2,860 shares of the company’s stock valued at $105,000 after purchasing an additional 1,735 shares during the period. Prudential Financial Inc. bought a new stake in shares of 51job in the 1st quarter valued at approximately $224,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of 51job in the 2nd quarter valued at approximately $319,000. Finally, Airain ltd bought a new stake in shares of 51job in the 1st quarter valued at approximately $281,000. Institutional investors own 39.73% of the company’s stock.

JOBS has been the topic of several analyst reports. BidaskClub upgraded 51job from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Macquarie upgraded 51job from a “neutral” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, August 4th.

51job, Inc. (JOBS) traded down 2.90% during midday trading on Friday, hitting $58.66. The stock had a trading volume of 324,533 shares. 51job, Inc. has a 1-year low of $31.25 and a 1-year high of $61.06. The company’s 50 day moving average is $56.77 and its 200 day moving average is $45.58. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 42.26 and a beta of 1.25.

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51job 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.

Institutional Ownership by Quarter for 51job (NASDAQ:JOBS)

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