Noah (NYSE:NOAH) Sets New 52-Week Low at $14.69

Noah Holdings Limited (NYSE:NOAHGet Rating) shares reached a new 52-week low on Friday . The stock traded as low as $14.69 and last traded at $14.73, with a volume of 281 shares. The stock had previously closed at $15.51.

Analysts Set New Price Targets

Several brokerages have recently commented on NOAH. StockNews.com upgraded shares of Noah from a “hold” rating to a “buy” rating in a report on Tuesday, September 6th. JPMorgan Chase & Co. raised shares of Noah from a “neutral” rating to an “overweight” rating and set a $22.00 target price on the stock in a research note on Wednesday, June 22nd. Finally, Citigroup decreased their price target on shares of Noah from $32.10 to $30.50 and set a “buy” rating on the stock in a research note on Wednesday, August 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $35.94.

Noah Trading Down 1.1 %

The stock has a market cap of $922.85 million, a P/E ratio of 5.56, a PEG ratio of 0.86 and a beta of 1.02. The stock’s fifty day moving average price is $17.25 and its 200 day moving average price is $19.20.

Hedge Funds Weigh In On Noah

Hedge funds have recently bought and sold shares of the business. Janiczek Wealth Management LLC grew its stake in shares of Noah by 75.0% during the 2nd quarter. Janiczek Wealth Management LLC now owns 1,745 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 748 shares during the period. Signaturefd LLC raised its holdings in Noah by 205.8% during the 1st quarter. Signaturefd LLC now owns 2,012 shares of the asset manager’s stock valued at $47,000 after buying an additional 1,354 shares during the period. Quadrant Capital Group LLC raised its holdings in Noah by 141.9% during the 1st quarter. Quadrant Capital Group LLC now owns 2,044 shares of the asset manager’s stock valued at $48,000 after buying an additional 1,199 shares during the period. Quantbot Technologies LP raised its holdings in Noah by 391.7% during the 1st quarter. Quantbot Technologies LP now owns 5,900 shares of the asset manager’s stock valued at $138,000 after buying an additional 4,700 shares during the period. Finally, Truist Financial Corp raised its holdings in Noah by 25.1% during the 1st quarter. Truist Financial Corp now owns 9,488 shares of the asset manager’s stock valued at $223,000 after buying an additional 1,903 shares during the period. Hedge funds and other institutional investors own 46.22% of the company’s stock.

Noah Company Profile

(Get Rating)

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. The company operates through three segments: Wealth Management, Asset Management, and Other Businesses.

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