Noah Holdings Ltd. (NYSE:NOAH) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other brokerages have also issued reports on NOAH. ValuEngine lowered shares of Noah Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Noah Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th.

Noah Holdings (NYSE:NOAH) traded up 0.22% during midday trading on Friday, reaching $26.73. The company had a trading volume of 98,976 shares. The firm has a market capitalization of $1.51 billion, a P/E ratio of 16.15 and a beta of 2.24. Noah Holdings has a one year low of $21.33 and a one year high of $29.73. The stock’s 50 day moving average price is $26.70 and its 200-day moving average price is $25.21.

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Several hedge funds have recently bought and sold shares of NOAH. Ward Ferry Management BVI Ltd raised its stake in Noah Holdings by 65.0% in the first quarter. Ward Ferry Management BVI Ltd now owns 2,734,100 shares of the asset manager’s stock valued at $69,391,000 after buying an additional 1,077,200 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Noah Holdings by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 511,260 shares of the asset manager’s stock valued at $12,976,000 after buying an additional 194,859 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Noah Holdings by 158.7% in the first quarter. Dimensional Fund Advisors LP now owns 197,835 shares of the asset manager’s stock valued at $5,024,000 after buying an additional 121,365 shares during the last quarter. FIL Ltd increased its position in shares of Noah Holdings by 9.3% in the first quarter. FIL Ltd now owns 1,327,865 shares of the asset manager’s stock valued at $33,701,000 after buying an additional 112,774 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Noah Holdings by 30.2% in the first quarter. Morgan Stanley now owns 481,607 shares of the asset manager’s stock valued at $12,224,000 after buying an additional 111,758 shares during the last quarter. Institutional investors and hedge funds own 42.45% of the company’s stock.

Noah Holdings Company Profile

Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.

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