Noah (NYSE:NOAH) Upgraded by StockNews.com to “Buy” Rating

Noah (NYSE:NOAH) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

NOAH has been the subject of a number of other research reports. UBS Group downgraded shares of Noah from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Thursday, October 24th. Morgan Stanley cut Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective for the company. in a research report on Friday, November 29th.

Noah Stock Performance

Shares of NYSE NOAH traded up $0.07 during mid-day trading on Tuesday, reaching $10.72. The company had a trading volume of 210,897 shares, compared to its average volume of 133,549. The company has a market capitalization of $709.24 million, a price-to-earnings ratio of 9.16 and a beta of 0.79. The stock has a fifty day moving average of $11.98 and a two-hundred day moving average of $10.35. Noah has a 12-month low of $7.14 and a 12-month high of $15.44.

Institutional Investors Weigh In On Noah

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in Noah by 2,218.7% during the third quarter. Signaturefd LLC now owns 2,481 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 2,374 shares during the period. Blue Trust Inc. lifted its position in shares of Noah by 510.7% during the 3rd quarter. Blue Trust Inc. now owns 3,982 shares of the asset manager’s stock worth $49,000 after purchasing an additional 3,330 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Noah during the 3rd quarter valued at approximately $65,000. JBF Capital Inc. acquired a new stake in Noah in the 2nd quarter valued at approximately $106,000. Finally, Wolverine Trading LLC bought a new position in Noah in the 3rd quarter worth approximately $196,000. 42.67% of the stock is currently owned by institutional investors.

Noah Company 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.