51job (NASDAQ:JOBS) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.
Separately, Citigroup upgraded 51job from a “neutral” rating to a “buy” rating in a research report on Friday, March 2nd.
Shares of JOBS stock traded up $0.13 during midday trading on Friday, reaching $85.44. The company’s stock had a trading volume of 169,203 shares, compared to its average volume of 285,757. 51job has a 12-month low of $34.88 and a 12-month high of $89.31. The firm has a market cap of $5,270.63, a price-to-earnings ratio of 101.71 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.86 and a quick ratio of 4.18.
A number of hedge funds and other institutional investors have recently made changes to their positions in JOBS. Alliancebernstein L.P. boosted its position in 51job by 175.0% during the 4th quarter. Alliancebernstein L.P. now owns 718,797 shares of the company’s stock worth $43,739,000 after acquiring an additional 457,380 shares during the period. Harding Loevner LP boosted its position in 51job by 2.3% during the 3rd quarter. Harding Loevner LP now owns 5,016,352 shares of the company’s stock worth $304,041,000 after acquiring an additional 113,414 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in 51job by 32.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,192 shares of the company’s stock worth $27,820,000 after acquiring an additional 112,232 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in 51job by 29.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 306,475 shares of the company’s stock worth $18,575,000 after acquiring an additional 70,124 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in 51job during the 4th quarter worth about $4,191,000. Hedge funds and other institutional investors own 41.81% of the company’s stock.
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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