Noah (NYSE:NOAH) Shares Up 4% – Still a Buy?

Noah Holdings Limited (NYSE:NOAH)’s share price was up 4% on Wednesday . The stock traded as high as $9.79 and last traded at $9.86. Approximately 72,176 shares changed hands during trading, a decline of 59% from the average daily volume of 177,415 shares. The stock had previously closed at $9.48.

Analyst Ratings Changes

Several research analysts have recently weighed in on NOAH shares. UBS Group restated a “neutral” rating and set a $11.50 price objective on shares of Noah in a research note on Friday, March 28th. JPMorgan Chase & Co. upgraded shares of Noah from a “neutral” rating to an “overweight” rating and set a $11.50 price objective on the stock in a research note on Wednesday, April 9th. Finally, Wall Street Zen lowered shares of Noah from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th.

Noah Trading Up 6.0%

The firm has a market cap of $673.66 million, a price-to-earnings ratio of 8.59 and a beta of 0.79. The stock’s 50 day moving average is $9.32 and its 200 day moving average is $10.67.

Noah (NYSE:NOAH) last announced its quarterly earnings results on Wednesday, May 28th. The asset manager reported $0.33 EPS for the quarter. Noah had a net margin of 23.53% and a return on equity of 6.43%. On average, equities research analysts predict that Noah Holdings Limited will post 0.93 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in shares of Noah by 1,188.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the asset manager’s stock worth $28,000 after purchasing an additional 2,187 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Noah during the 4th quarter worth approximately $39,000. Cubist Systematic Strategies LLC acquired a new position in shares of Noah during the 4th quarter worth approximately $52,000. BNP Paribas Financial Markets acquired a new position in shares of Noah during the 4th quarter worth approximately $72,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Noah during the 4th quarter worth approximately $150,000. Institutional investors and hedge funds own 42.67% of the company’s stock.

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.