Yiheng Capital LLC boosted its position in shares of Noah Holdings Ltd. (NYSE:NOAH) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,308,953 shares of the asset manager’s stock after buying an additional 51,529 shares during the period. Noah Holdings comprises 13.9% of Yiheng Capital LLC’s holdings, making the stock its 3rd largest position. Yiheng Capital LLC owned about 2.32% of Noah Holdings worth $33,221,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Neuberger Berman Group LLC bought a new position in Noah Holdings during the first quarter valued at $200,000. Granite Point Capital Management L.P. acquired a new stake in Noah Holdings during the first quarter worth approximately $381,000. Shell Asset Management Co. raised its stake in Noah Holdings by 2.1% in the first quarter. Shell Asset Management Co. now owns 20,014 shares of the asset manager’s stock worth $508,000 after buying an additional 420 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in Noah Holdings during the first quarter worth approximately $533,000. Finally, Parametric Portfolio Associates LLC raised its stake in Noah Holdings by 47.8% in the first quarter. Parametric Portfolio Associates LLC now owns 21,141 shares of the asset manager’s stock worth $537,000 after buying an additional 6,838 shares in the last quarter. Institutional investors own 42.32% of the company’s stock.
Shares of Noah Holdings Ltd. (NYSE:NOAH) traded up 1.63% during trading on Friday, hitting $30.52. 264,926 shares of the stock traded hands. The firm has a 50-day moving average of $27.07 and a 200-day moving average of $25.40. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 18.25 and a beta of 2.31. Noah Holdings Ltd. has a 1-year low of $21.33 and a 1-year high of $30.69.
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A number of analysts have commented on NOAH shares. Zacks Investment Research raised shares of Noah Holdings from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Wednesday, April 12th. ValuEngine lowered shares of Noah Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of Noah Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th.
Noah Holdings Company Profile
Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.
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