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

Shares of Noah Holdings Ltd. (NYSE:NOAH) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.34 and traded as high as $11.79. Noah shares last traded at $11.47, with a volume of 110,118 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group reduced their target price on shares of Noah from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Zacks Research downgraded shares of Noah from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. Wall Street Zen upgraded Noah from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Noah in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.75.

Noah Stock Down 0.3%

The firm has a 50-day moving average price of $10.56 and a 200 day moving average price of $11.34. The firm has a market capitalization of $769.06 million, a PE ratio of 8.89 and a beta of 0.72.

Noah (NYSE:NOAH) last announced its earnings results on Tuesday, November 25th. The asset manager reported $0.46 EPS for the quarter. The company had revenue of $88.90 million during the quarter, compared to analysts’ expectations 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 Investors Weigh In On Noah

Several large investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC grew its stake in shares of Noah by 307.2% in the first quarter. Cubist Systematic Strategies LLC now owns 17,980 shares of the asset manager’s stock worth $170,000 after acquiring an additional 13,564 shares in the last quarter. Signaturefd LLC boosted its holdings in Noah by 124.7% in the second quarter. Signaturefd LLC now owns 5,778 shares of the asset manager’s stock valued at $69,000 after purchasing an additional 3,207 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Noah during the 2nd quarter worth $413,000. Geode Capital Management LLC increased its holdings in Noah by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 26,896 shares of the asset manager’s stock worth $321,000 after purchasing an additional 4,080 shares during the period. Finally, American Century Companies Inc. raised its position in Noah by 1.5% in the 2nd quarter. American Century Companies Inc. now owns 139,499 shares of the asset manager’s stock valued at $1,666,000 after purchasing an additional 2,084 shares in the last quarter. 42.67% of the stock is owned by hedge funds and other institutional investors.

About Noah

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.