Millennium Management LLC reduced its position in 51job, Inc. (NASDAQ:JOBS) by 28.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,236 shares of the company’s stock after selling 66,593 shares during the period. Millennium Management LLC’s holdings in 51job were worth $14,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alliancebernstein L.P. raised its position in 51job by 175.0% during the fourth 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. Bank of New York Mellon Corp raised its position in 51job by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 62,236 shares of the company’s stock worth $3,788,000 after acquiring an additional 2,810 shares during the period. Driehaus Capital Management LLC raised its position in 51job by 213.7% during the fourth quarter. Driehaus Capital Management LLC now owns 24,213 shares of the company’s stock worth $1,473,000 after acquiring an additional 16,494 shares during the period. Citigroup Inc. raised its position in 51job by 71.4% during the first quarter. Citigroup Inc. now owns 9,550 shares of the company’s stock worth $821,000 after acquiring an additional 3,979 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in 51job by 11.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 23,069 shares of the company’s stock worth $1,404,000 after acquiring an additional 2,369 shares during the period. Hedge funds and other institutional investors own 43.62% of the company’s stock.
Separately, BidaskClub upgraded shares of 51job from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 24th.
51job opened at $97.98 on Friday, Marketbeat.com reports. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 0.38. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 46.44 and a beta of 1.16. 51job, Inc. has a fifty-two week low of $45.05 and a fifty-two week high of $114.63.
51job (NASDAQ:JOBS) last issued its earnings results on Thursday, May 3rd. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.08. The business had revenue of $129.34 million during the quarter. 51job had a net margin of 18.16% and a return on equity of 16.01%.
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.
Want to see what other hedge funds are holding JOBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 51job, Inc. (NASDAQ:JOBS).
Receive News & Ratings for 51job Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 51job and related companies with MarketBeat.com's FREE daily email newsletter.