A number of other brokerages also recently weighed in on JOBS. Citigroup downgraded shares of 51job from a buy rating to a neutral rating in a research report on Monday, May 13th. Macquarie cut shares of 51job from an outperform rating to a neutral rating in a research note on Friday, March 1st.
JOBS traded up $1.58 during trading on Friday, hitting $77.08. 285,000 shares of the company’s stock traded hands, compared to its average volume of 264,264. The business’s 50 day moving average is $71.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.19 and a quick ratio of 2.19. 51job has a 12-month low of $52.15 and a 12-month high of $98.75. The firm has a market cap of $4.67 billion, a PE ratio of 26.95 and a beta of 1.46.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. increased its stake in 51job by 313.1% during the 4th quarter. Citigroup Inc. now owns 20,436 shares of the company’s stock worth $1,276,000 after purchasing an additional 15,489 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of 51job by 228.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,701,637 shares of the company’s stock worth $106,251,000 after purchasing an additional 1,183,103 shares during the period. Fiera Capital Corp increased its position in shares of 51job by 38.7% in the fourth quarter. Fiera Capital Corp now owns 270,400 shares of the company’s stock worth $16,884,000 after purchasing an additional 75,400 shares during the period. Sycomore Asset Management increased its position in shares of 51job by 41.9% in the first quarter. Sycomore Asset Management now owns 14,385 shares of the company’s stock worth $1,120,000 after purchasing an additional 4,250 shares during the period. Finally, Coronation Fund Managers Ltd. bought a new position in shares of 51job in the first quarter worth $1,269,000. Institutional investors and hedge funds own 45.28% of the company’s stock.
51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers 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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