Korea Investment CORP lessened its stake in 51job, Inc. (NASDAQ:JOBS) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 18,400 shares of the company’s stock after selling 500 shares during the quarter. Korea Investment CORP’s holdings in 51job were worth $1,149,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC acquired a new position in 51job in the fourth quarter valued at about $59,000. NumerixS Investment Technologies Inc acquired a new position in 51job in the fourth quarter valued at about $142,000. Advisors Asset Management Inc. raised its stake in 51job by 18.1% in the fourth quarter. Advisors Asset Management Inc. now owns 2,365 shares of the company’s stock valued at $148,000 after purchasing an additional 362 shares in the last quarter. Fullerton Fund Management Co Ltd acquired a new position in 51job in the third quarter valued at about $333,000. Finally, Bridgewater Associates LP acquired a new position in 51job in the third quarter valued at about $362,000. 43.01% of the stock is owned by institutional investors and hedge funds.
51job stock opened at $72.27 on Friday. 51job, Inc. has a 12-month low of $52.15 and a 12-month high of $114.63. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 25.27 and a beta of 1.23.
A number of research analysts recently commented on the company. Macquarie downgraded 51job from an “outperform” rating to a “neutral” rating in a research note on Friday, March 1st. BidaskClub downgraded 51job from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th.
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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