Wells Fargo & Company MN cut its stake in 51job, Inc. (NASDAQ:JOBS) by 11.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,661,139 shares of the company’s stock after selling 210,971 shares during the period. Wells Fargo & Company MN owned approximately 2.70% of 51job worth $100,682,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in 51job in the second quarter valued at about $127,000. Bank of America Corp DE increased its holdings in 51job by 154.2% in the first quarter. Bank of America Corp DE now owns 2,860 shares of the company’s stock valued at $105,000 after buying an additional 1,735 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in 51job in the third quarter valued at about $204,000. World Asset Management Inc purchased a new position in 51job in the third quarter valued at about $214,000. Finally, Eqis Capital Management Inc. purchased a new position in 51job in the third quarter valued at about $269,000. 41.34% of the stock is owned by institutional investors.
A number of brokerages have issued reports on JOBS. BidaskClub cut shares of 51job from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet cut shares of 51job from a “b” rating to a “c+” rating in a report on Monday, November 13th.
Shares of 51job, Inc. (JOBS) opened at $57.39 on Tuesday. The company has a market cap of $3,515.41, a P/E ratio of 30.92 and a beta of 1.25. 51job, Inc. has a 1 year low of $31.25 and a 1 year high of $65.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.18 and a quick ratio of 4.18.
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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