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

Noah Holdings Ltd. (NYSE:NOAH)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.23 and traded as high as $11.50. Noah shares last traded at $11.4850, with a volume of 147,327 shares.

Analysts Set New Price Targets

Several research firms have commented on NOAH. UBS Group reduced their price objective on 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 report on Monday, December 29th. Zacks Research upgraded Noah from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen lowered Noah from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.75.

Noah Trading Up 1.0%

The firm’s 50-day moving average price is $11.66 and its two-hundred day moving average price is $11.23. The stock has a market cap of $770.07 million, a PE ratio of 8.90 and a beta of 0.73.

Institutional Trading of Noah

A number of hedge funds have recently bought and sold shares of NOAH. Cubist Systematic Strategies LLC boosted its position in 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 acquiring an additional 13,564 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 last quarter. American Century Companies Inc. lifted its stake in shares of Noah by 1.5% during the 2nd quarter. American Century Companies Inc. now owns 139,499 shares of the asset manager’s stock worth $1,666,000 after purchasing an additional 2,084 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Noah by 10.0% during the second quarter. Russell Investments Group Ltd. now owns 35,627 shares of the asset manager’s stock valued at $429,000 after purchasing an additional 3,251 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Noah during the second quarter valued at about $306,000. Hedge funds and other 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.