TIAA CREF Investment Management LLC Has $1,701,000 Stake in 51job, Inc. (NASDAQ:JOBS)
TIAA CREF Investment Management LLC held its position in 51job, Inc. (NASDAQ:JOBS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,400 shares of the company’s stock at the end of the first quarter. TIAA CREF Investment Management LLC’s holdings in 51job were worth $1,701,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. purchased a new position in 51job during the first quarter worth $224,000. Penserra Capital Management LLC boosted its position in 51job by 19.0% in the first quarter. Penserra Capital Management LLC now owns 6,746 shares of the company’s stock worth $247,000 after buying an additional 1,079 shares during the period. Airain ltd purchased a new position in 51job during the first quarter worth $281,000. Pictet Asset Management Ltd. boosted its position in 51job by 66.5% in the first quarter. Pictet Asset Management Ltd. now owns 8,294 shares of the company’s stock worth $304,000 after buying an additional 3,312 shares during the period. Finally, US Bancorp DE boosted its position in 51job by 23.0% in the first quarter. US Bancorp DE now owns 10,605 shares of the company’s stock worth $389,000 after buying an additional 1,981 shares during the period. Institutional investors own 42.64% of the company’s stock.
Shares of 51job, Inc. (JOBS) opened at 56.62 on Thursday. 51job, Inc. has a 52 week low of $31.05 and a 52 week high of $56.91. The stock has a market cap of $3.48 billion, a PE ratio of 41.48 and a beta of 1.33. The firm has a 50-day moving average of $48.00 and a 200 day moving average of $41.37.
A number of research analysts recently weighed in on JOBS shares. Macquarie upgraded shares of 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 shares of 51job from a “buy” rating to a “strong-buy” rating in a research note 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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