Noah (NYSE:NOAH) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Noah Holdings Ltd. (NYSE:NOAH)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.29 and traded as high as $12.16. Noah shares last traded at $12.1350, with a volume of 112,384 shares traded.

Analyst Ratings Changes

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

Noah Stock Performance

The firm has a market capitalization of $813.65 million, a price-to-earnings ratio of 9.41 and a beta of 0.73. The business’s 50 day moving average is $10.97 and its 200-day moving average is $11.29.

Noah (NYSE:NOAH) last released its quarterly earnings results on Tuesday, November 25th. The asset manager reported $0.46 earnings per share (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 net margin of 25.99% and a return on equity of 7.23%. Equities research analysts forecast that Noah Holdings Ltd. will post 0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Noah

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Noah in the second quarter valued at about $14,128,000. FIL Ltd raised its holdings in Noah by 7.1% in the 4th quarter. FIL Ltd now owns 6,377,766 shares of the asset manager’s stock valued at $64,033,000 after acquiring an additional 424,717 shares in the last quarter. Nuveen LLC raised its holdings in Noah by 35.0% in the 4th quarter. Nuveen LLC now owns 454,675 shares of the asset manager’s stock valued at $4,565,000 after acquiring an additional 117,971 shares in the last quarter. Sei Investments Co. lifted its position in shares of Noah by 549.8% in the 3rd quarter. Sei Investments Co. now owns 78,178 shares of the asset manager’s stock worth $906,000 after acquiring an additional 66,146 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Noah during the 3rd quarter worth approximately $582,000. 42.67% of the stock is 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.