Noah (NYSE:NOAH) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Noah Holdings Limited (NYSE:NOAH)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.86 and traded as high as $11.63. Noah shares last traded at $11.33, with a volume of 110,551 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Noah from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. UBS Group cut shares of Noah from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Thursday, October 24th. Finally, Morgan Stanley cut Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price target for the company. in a research note on Friday, November 29th.

Noah Stock Performance

The business’s fifty day moving average is $11.14 and its 200-day moving average is $10.86. The firm has a market cap of $747.44 million, a P/E ratio of 9.68 and a beta of 0.78.

Noah (NYSE:NOAH) last released its quarterly earnings results 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%. Analysts predict that Noah Holdings Limited will post 0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Noah

A number of institutional investors have recently made changes to their positions in NOAH. D. E. Shaw & Co. Inc. acquired a new position in shares of Noah in the fourth quarter worth approximately $454,000. Cubist Systematic Strategies LLC acquired a new position in shares of Noah in the 4th quarter worth approximately $52,000. Bank of America Corp DE increased its position in shares of Noah by 1,066.6% during the fourth quarter. Bank of America Corp DE now owns 83,902 shares of the asset manager’s stock worth $982,000 after buying an additional 76,710 shares during the period. BNP Paribas Financial Markets bought a new position in Noah during the fourth quarter worth $72,000. Finally, Jane Street Group LLC lifted its holdings in Noah by 79.1% in the fourth quarter. Jane Street Group LLC now owns 49,534 shares of the asset manager’s stock valued at $580,000 after buying an additional 21,871 shares during the period. Institutional investors own 42.67% of the company’s stock.

About Noah

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.