Shares of Noah Holdings Limited (NYSE:NOAH) have been given an average rating of “Hold” by the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $52.00.
A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Noah from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Zacks Investment Research upgraded shares of Noah from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. TheStreet downgraded shares of Noah from a “b” rating to a “c+” rating in a report on Tuesday, July 9th. Finally, Citigroup upgraded shares of Noah from a “neutral” rating to a “buy” rating in a report on Monday, September 16th.
A number of institutional investors have recently made changes to their positions in the business. Guinness Asset Management Ltd increased its holdings in Noah by 13.8% in the 2nd quarter. Guinness Asset Management Ltd now owns 2,810 shares of the asset manager’s stock worth $120,000 after buying an additional 340 shares during the period. Aviva PLC boosted its position in Noah by 6.9% in the 2nd quarter. Aviva PLC now owns 9,300 shares of the asset manager’s stock worth $396,000 after purchasing an additional 600 shares in the last quarter. Marshall Wace LLP purchased a new stake in Noah in the 1st quarter worth approximately $49,000. Quantamental Technologies LLC purchased a new stake in Noah in the 2nd quarter worth approximately $52,000. Finally, WINTON GROUP Ltd boosted its position in Noah by 15.1% in the 2nd quarter. WINTON GROUP Ltd now owns 9,543 shares of the asset manager’s stock worth $406,000 after purchasing an additional 1,251 shares in the last quarter. Institutional investors and hedge funds own 50.84% of the company’s stock.
Shares of Noah stock opened at $28.30 on Wednesday. The company has a market capitalization of $1.66 billion, a PE ratio of 12.24 and a beta of 1.93. The company has a 50-day simple moving average of $29.65 and a two-hundred day simple moving average of $38.62. Noah has a one year low of $26.48 and a one year high of $60.14.
Noah Company Profile
Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.
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