Noah (NYSE:NOAH) Stock Price Passes Above 200 Day Moving Average of $12.19

Noah Holdings Limited (NYSE:NOAH) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.19 and traded as high as $13.36. Noah shares last traded at $13.25, with a volume of 60,683 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Noah from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 18th.

Noah Price Performance

The company has a market cap of $869.29 million, a P/E ratio of 6.50 and a beta of 1.01. The stock’s 50-day moving average is $11.55 and its two-hundred day moving average is $12.19.

Noah (NYSE:NOAH) last issued its quarterly earnings data on Tuesday, March 26th. The asset manager reported $0.47 earnings per share for the quarter. The company had revenue of $74.64 million for the quarter. Noah had a net margin of 33.36% and a return on equity of 10.05%. During the same quarter last year, the company earned $0.31 EPS. On average, analysts predict that Noah Holdings Limited will post 2.54 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in Noah by 1,597.5% during the second quarter. JPMorgan Chase & Co. now owns 3,361 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 3,163 shares during the period. Caxton Associates LP purchased a new stake in Noah during the third quarter valued at approximately $129,000. Quadrature Capital Ltd purchased a new stake in Noah during the third quarter valued at approximately $129,000. Quantbot Technologies LP increased its holdings in Noah by 391.7% during the first quarter. Quantbot Technologies LP now owns 5,900 shares of the asset manager’s stock valued at $138,000 after buying an additional 4,700 shares during the last quarter. Finally, Creative Planning purchased a new stake in Noah during the fourth quarter valued at approximately $168,000. Institutional investors own 42.67% of the company’s stock.

About Noah

Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Businesses.