Noah Holdings Limited (NYSE:NOAH - Get Free Report)'s stock price traded up 4% during mid-day trading on Wednesday . The stock traded as high as $9.79 and last traded at $9.86. 72,176 shares were traded during mid-day trading, a decline of 59% from the average session volume of 177,415 shares. The stock had previously closed at $9.48.
Analyst Ratings Changes
Several analysts have issued reports on the company. Wall Street Zen lowered Noah from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. upgraded Noah from a "neutral" rating to an "overweight" rating and set a $11.50 price objective on the stock in a research note on Wednesday, April 9th. Finally, UBS Group reiterated a "neutral" rating and set a $11.50 target price on shares of Noah in a research note on Friday, March 28th.
View Our Latest Stock Analysis on NOAH
Noah Stock Performance
The company has a market cap of $689.75 million, a price-to-earnings ratio of 8.79 and a beta of 0.79. The company has a fifty day moving average of $9.28 and a two-hundred day moving average of $10.64.
Noah (NYSE:NOAH - Get Free Report) last released its quarterly earnings data 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 company had revenue of $84.69 million for the quarter. Equities analysts expect that Noah Holdings Limited will post 0.93 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC raised its position in shares of Noah by 61.9% in the 1st quarter. Acadian Asset Management LLC now owns 696,967 shares of the asset manager's stock worth $6,563,000 after acquiring an additional 266,602 shares in the last quarter. First Beijing Investment Ltd raised its position in shares of Noah by 19.5% in the 1st quarter. First Beijing Investment Ltd now owns 163,443 shares of the asset manager's stock worth $1,545,000 after acquiring an additional 26,710 shares in the last quarter. Everstar Asset Management LLC acquired a new stake in shares of Noah in the 1st quarter valued at about $217,000. Eschler Asset Management LLP grew its stake in shares of Noah by 70.8% in the 1st quarter. Eschler Asset Management LLP now owns 59,600 shares of the asset manager's stock valued at $563,000 after buying an additional 24,700 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Noah by 307.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 17,980 shares of the asset manager's stock valued at $170,000 after buying an additional 13,564 shares during the period. 42.67% of the stock is owned by institutional investors.
Noah Company Profile
(
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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