Wealthsource Partners LLC Buys Shares of 3,830 51job, Inc. (JOBS)
Wealthsource Partners LLC bought a new stake in shares of 51job, Inc. (NASDAQ:JOBS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,830 shares of the company’s stock, valued at approximately $374,000.
A number of other hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in 51job by 50.0% during the second quarter. SG Americas Securities LLC now owns 3,763 shares of the company’s stock valued at $367,000 after buying an additional 1,255 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in 51job by 0.4% during the first quarter. Handelsbanken Fonder AB now owns 404,000 shares of the company’s stock valued at $34,760,000 after buying an additional 1,500 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in 51job by 468.7% during the second quarter. Commonwealth Bank of Australia now owns 2,053 shares of the company’s stock valued at $191,000 after buying an additional 1,692 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in 51job during the second quarter valued at about $261,000. Finally, Virginia Retirement Systems ET AL bought a new position in 51job during the first quarter valued at about $258,000. 41.80% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub cut 51job from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th.
51job (NASDAQ:JOBS) last announced its earnings results on Thursday, August 2nd. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.20. 51job had a return on equity of 18.29% and a net margin of 13.09%. The business had revenue of $135.34 million during the quarter.
51job Company Profile
51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers recruitment advertising services, including online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, and lagou.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites.
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