Noah (NYSE:NOAH) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Noah Holdings Ltd. (NYSE:NOAH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.34 and traded as high as $11.36. Noah shares last traded at $11.2150, with a volume of 117,161 shares changing hands.

Analyst Ratings Changes

NOAH has been the topic of a number of recent research reports. Zacks Research cut Noah from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Wall Street Zen raised shares of Noah from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Noah in a report on Monday, December 29th. Finally, UBS Group lowered their target price on shares of Noah from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.75.

Noah Stock Performance

The company’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $11.34. The stock has a market cap of $751.97 million, a PE ratio of 8.69 and a beta of 0.72.

Noah (NYSE:NOAH) last announced its earnings results on Tuesday, November 25th. The asset manager reported $0.46 earnings per share for the quarter. The firm had revenue of $88.90 million for the quarter, compared to the consensus estimate of $92.22 million. Noah had a return on equity of 7.23% and a net margin of 25.99%. Equities research analysts expect that Noah Holdings Ltd. will post 0.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new position in shares of Noah in the 2nd quarter worth about $413,000. Signaturefd LLC raised its position in Noah by 124.7% in the second quarter. Signaturefd LLC now owns 5,778 shares of the asset manager’s stock worth $69,000 after acquiring an additional 3,207 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Noah by 48.4% in the third quarter. Public Employees Retirement System of Ohio now owns 21,950 shares of the asset manager’s stock valued at $254,000 after acquiring an additional 7,163 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Noah during the 2nd quarter valued at approximately $306,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Noah during the 3rd quarter valued at approximately $307,000. Institutional investors own 42.67% of the company’s stock.

Noah Company Profile

Noah Holdings Limited is a China-based wealth management and asset management firm specializing in tailored advisory services for high-net-worth individuals, family offices and select institutional clients. The company offers a broad range of investment solutions that draw on its deep market research and partner network to provide access to both onshore and offshore products. Noah’s business model centers on delivering structured investment products, portfolio management services and family wealth planning solutions designed to meet the evolving needs of affluent clients in China and beyond.

Noah’s main service lines include discretionary portfolio management, fund distribution, private equity and venture capital fund platforms, and alternative investment strategies such as real estate and insurance-linked products.