Noah Holdings Limited (NYSE:NOAH) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in Noah Holdings Limited (NYSE:NOAH) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,097 shares of the asset manager’s stock after selling 1,299 shares during the period. Geode Capital Management LLC’s holdings in Noah were worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Noah by 2,218.7% in the 3rd quarter. Signaturefd LLC now owns 2,481 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 2,374 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Noah by 510.7% in the 3rd quarter. Blue Trust Inc. now owns 3,982 shares of the asset manager’s stock worth $49,000 after acquiring an additional 3,330 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Noah in the 3rd quarter worth approximately $65,000. Wolverine Trading LLC acquired a new position in shares of Noah in the 3rd quarter worth approximately $196,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Noah in the 3rd quarter worth approximately $199,000. 42.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NOAH. StockNews.com upgraded shares of Noah from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. UBS Group lowered shares of Noah from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Thursday, October 24th. Finally, Morgan Stanley lowered shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock. in a report on Friday, November 29th.

Noah Stock Down 0.9 %

Shares of NOAH opened at $10.05 on Tuesday. Noah Holdings Limited has a fifty-two week low of $7.14 and a fifty-two week high of $15.44. The firm’s 50 day moving average price is $11.82 and its 200 day moving average price is $10.36. The company has a market cap of $663.04 million, a P/E ratio of 8.59 and a beta of 0.79.

Noah 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.