Noah (NYSE:NOAH) Stock Price Down 3.4% - Time to Sell?

Noah Holdings Limited (NYSE:NOAH - Get Free Report) was down 3.4% during mid-day trading on Tuesday . The stock traded as low as $10.10 and last traded at $10.11. Approximately 27,959 shares changed hands during trading, a decline of 84% from the average daily volume of 172,003 shares. The stock had previously closed at $10.47.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NOAH shares. UBS Group reiterated a "neutral" rating and set a $11.50 price objective on shares of Noah in a research report on Friday, March 28th. Wall Street Zen downgraded Noah from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upgraded Noah from a "neutral" rating to an "overweight" rating and set a $11.50 price objective for the company in a research report on Wednesday, April 9th.

Noah Stock Down 3.6%

The stock has a market capitalization of $732.15 million, a price-to-earnings ratio of 9.46 and a beta of 0.79. The business has a 50-day simple moving average of $9.30 and a two-hundred day simple moving average of $10.63.

Noah (NYSE:NOAH - Get Free Report) last released its earnings results on Wednesday, May 28th. The asset manager reported $0.33 earnings per share for the quarter. Noah had a return on equity of 6.43% and a net margin of 23.53%. The firm had revenue of $84.69 million during the quarter. On average, analysts forecast that Noah Holdings Limited will post 0.93 EPS for the current year.

Institutional Investors Weigh In On Noah

Institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Noah by 51.8% during the 4th quarter. American Century Companies Inc. now owns 139,946 shares of the asset manager's stock valued at $1,639,000 after acquiring an additional 47,761 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Noah during the 4th quarter valued at $454,000. Dimensional Fund Advisors LP lifted its holdings in shares of Noah by 9.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 391,159 shares of the asset manager's stock valued at $4,578,000 after purchasing an additional 34,350 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Noah by 9.4% in the fourth quarter. Franklin Resources Inc. now owns 1,955,360 shares of the asset manager's stock valued at $22,897,000 after purchasing an additional 168,733 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Noah by 113.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,216 shares of the asset manager's stock valued at $565,000 after purchasing an additional 25,578 shares in the last quarter. Institutional investors and hedge funds 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.