StockNews.com cut shares of Noah (NYSE:NOAH - Free Report) from a buy rating to a hold rating in a report issued on Sunday.
Separately, Morgan Stanley lowered Noah from an "overweight" rating to an "equal weight" rating and set a $13.00 target price on the stock. in a research report on Friday, November 29th.
Get Our Latest Stock Analysis on Noah
Noah Price Performance
Shares of Noah stock traded up $0.68 during trading on Friday, hitting $11.57. The stock had a trading volume of 125,569 shares, compared to its average volume of 91,097. The business has a fifty day moving average of $11.05 and a two-hundred day moving average of $11.15. The firm has a market cap of $763.19 million, a P/E ratio of 9.89 and a beta of 0.78. Noah has a fifty-two week low of $7.14 and a fifty-two week high of $15.44.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOAH. Tower Research Capital LLC TRC grew its holdings in Noah by 1,188.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the asset manager's stock worth $28,000 after purchasing an additional 2,187 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in shares of Noah in the fourth quarter valued at approximately $39,000. Cubist Systematic Strategies LLC bought a new stake in shares of Noah in the fourth quarter valued at approximately $52,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Noah in the third quarter valued at approximately $65,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Noah in the fourth quarter valued at approximately $72,000. 42.67% of the stock is currently owned by institutional investors.
About Noah
(
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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.
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