51job, Inc. (NASDAQ:JOBS) shares reached a new 52-week high on Friday . The stock traded as high as $59.92 and last traded at $59.84, with a volume of 43,545 shares. The stock had previously closed at $59.40.

Several research analysts have weighed in on the company. Macquarie raised 51job from a “neutral” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, August 4th. BidaskClub raised 51job from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd.

The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 43.64 and a beta of 1.24. The firm has a 50-day moving average price of $53.58 and a 200-day moving average price of $44.04.

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of 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 buying an additional 1,735 shares during the period. SG Americas Securities LLC acquired a new stake in shares of 51job during the second quarter worth approximately $127,000. Prudential Financial Inc. acquired a new stake in shares of 51job during the first quarter worth approximately $224,000. Parametric Portfolio Associates LLC acquired a new stake in shares of 51job during the second quarter worth approximately $241,000. Finally, Penserra Capital Management LLC raised its stake in shares of 51job by 19.0% in the first quarter. Penserra Capital Management LLC now owns 6,746 shares of the company’s stock worth $247,000 after buying an additional 1,079 shares during the period. Institutional investors and hedge funds own 39.71% of the company’s stock.

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51job Company Profile

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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