Noah (NYSE:NOAH) Upgraded at StockNews.com

StockNews.com upgraded shares of Noah (NYSE:NOAH) from a hold rating to a buy rating in a report released on Tuesday.

Several other analysts have also weighed in on the stock. Morgan Stanley lowered shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 target price for the company. in a research note on Friday, November 29th. UBS Group downgraded shares of Noah from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Thursday, October 24th.

Noah Stock Down 0.6 %

NYSE:NOAH opened at $10.71 on Tuesday. Noah has a 52 week low of $7.14 and a 52 week high of $15.44. The company has a market cap of $708.57 million, a PE ratio of 9.15 and a beta of 0.79. The business’s 50 day moving average is $11.91 and its two-hundred day moving average is $10.36.

Institutional Trading of Noah

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Noah by 2,218.7% during the third quarter. Signaturefd LLC now owns 2,481 shares of the asset manager’s stock valued at $31,000 after buying an additional 2,374 shares during the last quarter. Blue Trust Inc. raised its stake in Noah by 510.7% during the 3rd quarter. Blue Trust Inc. now owns 3,982 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 3,330 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Noah during the 3rd quarter worth $65,000. JBF Capital Inc. bought a new position in shares of Noah in the second quarter worth $106,000. Finally, Wolverine Trading LLC acquired a new position in shares of Noah during the third quarter valued at $196,000. 42.67% of the stock is currently owned by institutional investors.

Noah Company Profile

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 Services.