51job, Inc. (JOBS) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp increased its stake in shares of 51job, Inc. (NASDAQ:JOBS) by 8.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,426 shares of the company’s stock after acquiring an additional 4,551 shares during the quarter. Bank of New York Mellon Corp owned about 0.10% of 51job worth $3,602,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in JOBS. Harding Loevner LP raised its stake in 51job by 11.0% during the 2nd quarter. Harding Loevner LP now owns 4,902,938 shares of the company’s stock worth $219,308,000 after acquiring an additional 485,593 shares in the last quarter. Nordea Investment Management AB purchased a new position in 51job during the 2nd quarter worth $19,027,000. Cornerstone Capital Management Holdings LLC. purchased a new position in 51job during the 2nd quarter worth $10,571,000. Wasatch Advisors Inc. grew its position in 51job by 38.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 687,352 shares of the company’s stock worth $30,745,000 after purchasing an additional 189,485 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in 51job by 250.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 220,470 shares of the company’s stock worth $9,862,000 after purchasing an additional 157,537 shares during the last quarter. Hedge funds and other institutional investors own 40.61% of the company’s stock.
Several analysts have recently weighed in on JOBS shares. TheStreet downgraded shares of 51job from a “b” rating to a “c+” rating in a report on Monday, November 13th. BidaskClub downgraded shares of 51job from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th.
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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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