Noah Holdings Limited (NYSE:NOAH - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.86 and traded as high as $11.63. Noah shares last traded at $11.33, with a volume of 110,551 shares changing hands.
Analyst Ratings Changes
Several equities research analysts have weighed in on NOAH shares. StockNews.com raised shares of Noah from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley cut shares of Noah from an "overweight" rating to an "equal weight" rating and set a $13.00 target price for the company. in a research report on Friday, November 29th.
View Our Latest Report on NOAH
Noah Stock Performance
The company's 50-day moving average price is $11.12 and its 200 day moving average price is $10.92. The stock has a market capitalization of $779.44 million, a PE ratio of 10.10 and a beta of 0.78.
Noah (NYSE:NOAH - Get Free Report) last posted its earnings results on Tuesday, November 26th. The asset manager reported $0.30 EPS for the quarter. Noah had a net margin of 23.53% and a return on equity of 6.43%. Analysts expect that Noah Holdings Limited will post 0.93 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its position in Noah by 18.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 19,085 shares of the asset manager's stock valued at $223,000 after acquiring an additional 2,930 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Noah during the 4th quarter valued at about $454,000. Cubist Systematic Strategies LLC purchased a new position in Noah during the 4th quarter valued at about $52,000. Bank of America Corp DE lifted its position in Noah by 1,066.6% during the 4th quarter. Bank of America Corp DE now owns 83,902 shares of the asset manager's stock valued at $982,000 after acquiring an additional 76,710 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in Noah during the 4th quarter valued at about $72,000. 42.67% of the stock is owned by hedge funds and other institutional investors.
About Noah
(
Get Free Report)
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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