Noah (NYSE:NOAH) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Noah Holdings Ltd. (NYSE:NOAH)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.34 and traded as high as $11.79. Noah shares last traded at $11.47, with a volume of 110,118 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Noah from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Noah in a report on Monday, December 29th. 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 research report on Monday, December 22nd. Finally, Zacks Research lowered Noah from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.75.

Noah Price Performance

The company’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $11.34. The company has a market capitalization of $769.06 million, a PE ratio of 8.89 and a beta of 0.72.

Noah (NYSE:NOAH) last issued its earnings results on Tuesday, November 25th. The asset manager reported $0.46 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts forecast that Noah Holdings Ltd. will post 0.93 EPS for the current year.

Institutional Trading of Noah

A number of hedge funds and other institutional investors have recently made changes to their positions in NOAH. Signaturefd LLC lifted its holdings in shares of Noah by 124.7% in the 2nd quarter. Signaturefd LLC now owns 5,778 shares of the asset manager’s stock valued at $69,000 after purchasing an additional 3,207 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Noah during the third quarter worth approximately $84,000. Quadrant Capital Group LLC purchased a new stake in Noah in the third quarter valued at approximately $85,000. New York State Common Retirement Fund acquired a new stake in shares of Noah in the third quarter valued at approximately $105,000. Finally, Centiva Capital LP acquired a new stake in shares of Noah in the third quarter valued at approximately $118,000. Institutional investors and hedge funds own 42.67% of the company’s stock.

About Noah

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.