Noah (NYSE:NOAH) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Noah Holdings Ltd. (NYSE:NOAH)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.28 and traded as high as $12.00. Noah shares last traded at $11.7940, with a volume of 138,107 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NOAH shares. Wall Street Zen downgraded shares of Noah from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group decreased their price target 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Noah in a research note on Monday, December 29th. Finally, Zacks Research upgraded Noah from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.75.

Noah Stock Performance

The firm has a market cap of $790.79 million, a PE ratio of 9.14 and a beta of 0.73. The company’s 50-day simple moving average is $11.53 and its two-hundred day simple moving average is $11.28.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NOAH. Creative Planning grew its stake in Noah by 10.6% during the 3rd quarter. Creative Planning now owns 12,516 shares of the asset manager’s stock valued at $145,000 after purchasing an additional 1,195 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Noah by 1.5% in the second 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 during the period. Bank of America Corp DE raised its stake in shares of Noah by 2.2% in the second quarter. Bank of America Corp DE now owns 99,919 shares of the asset manager’s stock worth $1,193,000 after purchasing an additional 2,163 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Noah by 17.7% during the third quarter. BNP Paribas Financial Markets now owns 16,070 shares of the asset manager’s stock worth $186,000 after purchasing an additional 2,412 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Noah by 10.0% during the second quarter. Russell Investments Group Ltd. now owns 35,627 shares of the asset manager’s stock worth $429,000 after purchasing an additional 3,251 shares during the period. 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.