Noah Holdings Ltd. $NOAH Stock Position Decreased by HSG Holding Ltd

Key Points

• HSG Holding Ltd slashed its position in Noah by 86.2% in Q3, selling about 2.48 million shares and retaining 396,815 shares worth $4.496 million, making Noah its 14th-largest holding.
• Other institutions were adding exposure: Sei Investments boosted its stake by 549.8% to 78,178 shares and UBS increased holdings by 25.1% to 176,462 shares, with institutional investors owning 42.67% of Noah.
• Analysts have a consensus Hold on NOAH with an average target of $10.75; the stock recently traded near $11.42, with a market cap of $765.85M and a P/E of 8.85.

HSG Holding Ltd decreased its position in Noah Holdings Ltd. (NYSE:NOAH - Free Report) by 86.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 396,815 shares of the asset manager's stock after selling 2,479,905 shares during the quarter. Noah comprises 0.2% of HSG Holding Ltd's investment portfolio, making the stock its 14th largest holding. HSG Holding Ltd owned 0.60% of Noah worth $4,496,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Centiva Capital LP bought a new stake in Noah in the third quarter worth approximately $118,000. Creative Planning raised its holdings in shares of Noah by 10.6% during the 3rd quarter. Creative Planning now owns 12,516 shares of the asset manager's stock valued at $145,000 after purchasing an additional 1,195 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Noah during the 3rd quarter valued at $212,000. Sei Investments Co. lifted its stake in shares of Noah by 549.8% in the 3rd quarter. Sei Investments Co. now owns 78,178 shares of the asset manager's stock valued at $906,000 after purchasing an additional 66,146 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Noah by 25.1% in the third quarter. UBS Group AG now owns 176,462 shares of the asset manager's stock worth $2,045,000 after purchasing an additional 35,378 shares in the last quarter. Institutional investors and hedge funds own 42.67% of the company's stock.

Noah Stock Up 0.5%

Shares of NYSE NOAH opened at $11.42 on Monday. Noah Holdings Ltd. has a 12 month low of $7.67 and a 12 month high of $12.84. The company has a market cap of $765.85 million, a P/E ratio of 8.85 and a beta of 0.73. The business's 50 day moving average is $11.61 and its two-hundred day moving average is $11.26.

Analyst Ratings Changes

NOAH has been the topic of several analyst reports. Wall Street Zen downgraded shares of Noah from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. UBS Group decreased their price target on Noah from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, December 22nd. Zacks Research raised Noah from a "strong sell" rating to a "hold" rating in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Noah in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.75.

Noah Profile

Noah Holdings Limited is a China-based wealth management and asset management firm specializing in tailored advisory services for high-net-worth individuals, family offices and select institutional clients. The company offers a broad range of investment solutions that draw on its deep market research and partner network to provide access to both onshore and offshore products. Noah's business model centers on delivering structured investment products, portfolio management services and family wealth planning solutions designed to meet the evolving needs of affluent clients in China and beyond.

Noah's main service lines include discretionary portfolio management, fund distribution, private equity and venture capital fund platforms, and alternative investment strategies such as real estate and insurance-linked products.

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