Pictet Asset Management Ltd. reduced its position in shares of 51job, Inc. (NASDAQ:JOBS) by 26.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,300 shares of the company’s stock after selling 3,782 shares during the period. Pictet Asset Management Ltd.’s holdings in 51job were worth $624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in 51job by 154.2% in the first quarter. Bank of America Corp DE now owns 2,860 shares of the company’s stock worth $105,000 after acquiring an additional 1,735 shares in the last quarter. SG Americas Securities LLC purchased a new position in 51job in the second quarter worth $127,000. Prudential Financial Inc. purchased a new position in 51job in the first quarter worth $224,000. Parametric Portfolio Associates LLC purchased a new position in 51job in the second quarter worth $241,000. Finally, Eqis Capital Management Inc. purchased a new position in 51job in the third quarter worth $269,000. Hedge funds and other institutional investors own 39.66% of the company’s stock.

Shares of 51job, Inc. (NASDAQ:JOBS) opened at $61.90 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.57 and a current ratio of 4.57. 51job, Inc. has a 1 year low of $31.25 and a 1 year high of $65.85. The stock has a market cap of $3,868.27, a PE ratio of 34.23 and a beta of 1.28.

JOBS has been the subject of several research reports. Macquarie upgraded shares of 51job from a “neutral” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Friday, August 4th. TheStreet lowered shares of 51job from a “b” rating to a “c+” rating in a research report on Monday.

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About 51job

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.

Institutional Ownership by Quarter for 51job (NASDAQ:JOBS)

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