Noah (NYSE:NOAH) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Noah Holdings Limited (NYSE:NOAH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.43 and traded as high as $10.96. Noah shares last traded at $10.84, with a volume of 19,105 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NOAH shares. UBS Group downgraded shares of Noah from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research report on Thursday, October 24th. Morgan Stanley lowered Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective for the company. in a report on Friday, November 29th. Finally, StockNews.com raised Noah from a “hold” rating to a “buy” rating in a report on Thursday, January 16th.

Noah Trading Up 0.6 %

The company has a market capitalization of $720.79 million, a P/E ratio of 9.34 and a beta of 0.79. The stock has a 50 day moving average of $11.56 and a 200-day moving average of $10.46.

Noah (NYSE:NOAH) last announced its quarterly earnings data on Tuesday, November 26th. The asset manager reported $0.30 earnings per share (EPS) for the quarter. Noah had a net margin of 23.53% and a return on equity of 6.43%. As a group, sell-side analysts expect that Noah Holdings Limited will post 0.93 EPS for the current fiscal year.

Institutional Trading of Noah

Several institutional investors have recently made changes to their positions in the business. American Century Companies Inc. grew its holdings in Noah by 52.1% during the 2nd quarter. American Century Companies Inc. now owns 89,904 shares of the asset manager’s stock valued at $868,000 after buying an additional 30,810 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Noah by 50.5% during the second quarter. Dimensional Fund Advisors LP now owns 255,606 shares of the asset manager’s stock worth $2,472,000 after acquiring an additional 85,771 shares during the last quarter. AQR Capital Management LLC purchased a new position in Noah during the second quarter valued at $615,000. Creative Planning bought a new stake in Noah in the 3rd quarter valued at $206,000. Finally, Blue Trust Inc. lifted its stake in Noah by 510.7% in 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 in the last quarter. Hedge funds and other institutional investors own 42.67% of the company’s stock.

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.