Noah (NYSE:NOAH) Shares Pass Above 200 Day Moving Average – Should You Sell?

Noah Holdings Ltd. (NYSE:NOAH) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.30 and traded as high as $12.12. Noah shares last traded at $12.0550, with a volume of 160,772 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NOAH. Zacks Research cut shares of Noah from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. Wall Street Zen lowered shares of Noah from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Noah in a research note on Monday, December 29th. Finally, UBS Group decreased their price target on shares of Noah from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.75.

Noah Price Performance

The stock has a market capitalization of $808.29 million, a PE ratio of 9.35 and a beta of 0.72. The firm’s 50 day simple moving average is $10.78 and its 200 day simple moving average is $11.30.

Noah (NYSE:NOAH) last announced its quarterly earnings results on Tuesday, November 25th. The asset manager reported $0.46 EPS for the quarter. Noah had a return on equity of 7.23% and a net margin of 25.99%.The company had revenue of $88.90 million during the quarter, compared to analyst estimates of $92.22 million. Analysts expect that Noah Holdings Ltd. will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Noah

A number of large investors have recently made changes to their positions in NOAH. Y Intercept Hong Kong Ltd purchased a new stake in Noah in the 2nd quarter worth $413,000. Envestnet Asset Management Inc. bought a new stake in Noah in the 3rd quarter valued at $151,000. Marshall Wace LLP bought a new position in Noah during the second quarter valued at approximately $306,000. Geode Capital Management LLC grew its holdings in shares of Noah by 17.9% in the second quarter. Geode Capital Management LLC now owns 26,896 shares of the asset manager’s stock valued at $321,000 after purchasing an additional 4,080 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Noah by 307.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 17,980 shares of the asset manager’s stock valued at $170,000 after buying an additional 13,564 shares in the last quarter. 42.67% of the stock is currently owned by institutional investors.

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.