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

Noah Holdings Limited (NYSE:NOAH)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.59 and traded as high as $10.78. Noah shares last traded at $10.64, with a volume of 99,141 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on NOAH shares. Morgan Stanley downgraded shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price target for the company. in a report 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 report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Noah from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th.

Noah Price Performance

The stock’s 50 day simple moving average is $11.47 and its two-hundred day simple moving average is $10.59. The stock has a market cap of $701.92 million, a P/E ratio of 9.09 and a beta of 0.78.

Noah (NYSE:NOAH) last announced its earnings results on Tuesday, November 26th. The asset manager reported $0.30 earnings per share (EPS) for the quarter. Noah had a net margin of 23.53% and a return on equity of 6.43%. As a group, analysts forecast that Noah Holdings Limited will post 0.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in Noah by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,786,627 shares of the asset manager’s stock valued at $24,441,000 after purchasing an additional 167,685 shares during the period. Dimensional Fund Advisors LP raised its stake in Noah by 50.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 255,606 shares of the asset manager’s stock valued at $2,472,000 after acquiring an additional 85,771 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Noah during the third quarter valued at about $566,000. AQR Capital Management LLC bought a new position in shares of Noah in the second quarter worth approximately $615,000. Finally, FMR LLC purchased a new stake in Noah in the third quarter worth approximately $8,895,000. 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 Services.