Jane Street Group LLC Has $341,000 Stock Holdings in Noah Holdings Limited (NYSE:NOAH)

Jane Street Group LLC trimmed its stake in shares of Noah Holdings Limited (NYSE:NOAH) by 55.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,663 shares of the asset manager’s stock after selling 34,859 shares during the quarter. Jane Street Group LLC’s holdings in Noah were worth $341,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC acquired a new position in shares of Noah during the 3rd quarter valued at $8,895,000. First Beijing Investment Ltd acquired a new position in Noah during the third quarter worth $1,531,000. Dimensional Fund Advisors LP raised its holdings in Noah by 50.5% during the second quarter. Dimensional Fund Advisors LP now owns 255,606 shares of the asset manager’s stock worth $2,472,000 after buying an additional 85,771 shares during the last quarter. AQR Capital Management LLC acquired a new position in Noah during the second quarter worth $615,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Noah in the third quarter valued at about $566,000. 42.67% of the stock is owned by institutional investors.

Noah Stock Performance

Shares of NYSE:NOAH opened at $10.71 on Thursday. Noah Holdings Limited has a fifty-two week low of $7.14 and a fifty-two week high of $15.44. The firm has a market cap of $708.57 million, a price-to-earnings ratio of 9.15 and a beta of 0.79. The business has a 50-day simple moving average of $11.94 and a two-hundred day simple moving average of $10.36.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NOAH shares. UBS Group lowered shares of Noah from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Thursday, October 24th. 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 report on Friday, November 29th. Finally, StockNews.com upgraded shares of Noah from a “hold” rating to a “buy” rating in a research report on Tuesday.

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 Services.