BidaskClub downgraded shares of Zhaopin Limited (NYSE:ZPIN) from a sell rating to a strong sell rating in a report published on Thursday morning.

Zhaopin Limited (NYSE:ZPIN) opened at 18.33 on Thursday. The firm has a market cap of $1.02 billion, a PE ratio of 38.51 and a beta of 1.40. The company has a 50 day moving average price of $18.47 and a 200 day moving average price of $18.12. Zhaopin Limited has a 1-year low of $13.70 and a 1-year high of $18.98.

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Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of Zhaopin Limited by 54.3% in the second quarter. Renaissance Technologies LLC now owns 793,200 shares of the business services provider’s stock valued at $14,698,000 after purchasing an additional 279,300 shares during the last quarter. Athos Capital Ltd acquired a new stake in shares of Zhaopin Limited in the second quarter valued at about $11,044,000. Elliott Management Corp acquired a new stake in shares of Zhaopin Limited in the second quarter valued at about $3,790,000. TIAA CREF Investment Management LLC grew its position in shares of Zhaopin Limited by 38.3% in the second quarter. TIAA CREF Investment Management LLC now owns 31,400 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 8,700 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Zhaopin Limited during the second quarter worth about $515,000. 26.51% of the stock is currently owned by institutional investors.

About Zhaopin Limited

Zhaopin Limited is a holding company. The Company, through its subsidiaries, is engaged in operating an online recruitment platform in the People’s Republic of China. It also provides human resources related services, including campus recruitment, executive searches and print advertising. Its Website, zhaopin.com, is a career-focused Website in China.

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