Noah Holdings Limited (NYSE:NOAH) Shares Bought by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of Noah Holdings Limited (NYSE:NOAH - Free Report) by 170.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,071 shares of the asset manager's stock after buying an additional 57,425 shares during the period. Trexquant Investment LP owned 0.14% of Noah worth $1,066,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC purchased a new position in shares of Noah in the 3rd quarter worth $8,895,000. Franklin Resources Inc. boosted its position in Noah by 9.4% during the fourth quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager's stock valued at $22,897,000 after purchasing an additional 168,733 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Noah by 51.8% during the 4th quarter. American Century Companies Inc. now owns 139,946 shares of the asset manager's stock worth $1,639,000 after acquiring an additional 47,761 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Noah during the 3rd quarter valued at $566,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Noah by 113.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,216 shares of the asset manager's stock valued at $565,000 after purchasing an additional 25,578 shares during the last quarter. 42.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NOAH has been the topic of several research reports. UBS Group reiterated a "neutral" rating and issued a $11.50 price target on shares of Noah in a report on Friday, March 28th. StockNews.com lowered shares of Noah from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised shares of Noah from a "neutral" rating to an "overweight" rating and set a $11.50 price objective for the company in a report on Wednesday, April 9th.

Noah Stock Down 2.3 %

NOAH stock traded down $0.21 during mid-day trading on Wednesday, hitting $8.72. 42,136 shares of the company were exchanged, compared to its average volume of 185,152. The business has a fifty day simple moving average of $10.46 and a 200-day simple moving average of $11.40. Noah Holdings Limited has a 12-month low of $7.14 and a 12-month high of $15.44. The firm has a market capitalization of $574.96 million, a P/E ratio of 7.44 and a beta of 0.78.

Noah (NYSE:NOAH - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The asset manager reported $0.26 EPS for the quarter. The company had revenue of $89.31 million during the quarter, compared to analysts' expectations of $102.07 million. Noah had a net margin of 23.53% and a return on equity of 6.43%. Research analysts predict that Noah Holdings Limited will post 0.93 EPS for the current year.

Noah Profile

Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Services.