Jane Street Group LLC Cuts Position in Noah Holdings Limited (NYSE:NOAH)

Jane Street Group LLC decreased its holdings in Noah Holdings Limited (NYSE:NOAHFree Report) by 55.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 27,663 shares of the asset manager’s stock after selling 34,859 shares during the period. Jane Street Group LLC’s holdings in Noah were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NOAH. FMR LLC acquired a new stake in Noah in the third quarter valued at approximately $8,895,000. Dimensional Fund Advisors LP grew its position in Noah by 50.5% in the second 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 in the last quarter. First Beijing Investment Ltd acquired a new stake in shares of Noah during the third quarter worth approximately $1,531,000. American Century Companies Inc. grew its position in shares of Noah by 52.1% during the second quarter. American Century Companies Inc. now owns 89,904 shares of the asset manager’s stock worth $868,000 after buying an additional 30,810 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Noah during the second quarter worth approximately $615,000. Hedge funds and other institutional investors own 42.67% of the company’s stock.

Noah Price Performance

Shares of Noah stock opened at $10.71 on Thursday. The firm has a market cap of $708.57 million, a price-to-earnings ratio of 9.15 and a beta of 0.79. Noah Holdings Limited has a 52-week low of $7.14 and a 52-week high of $15.44. The stock has a 50-day simple moving average of $11.94 and a 200-day simple moving average of $10.36.

Analysts Set New Price Targets

A number of equities analysts have commented on NOAH shares. 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. Morgan Stanley cut shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock. in a research note on Friday, November 29th. Finally, StockNews.com upgraded shares of Noah from a “hold” rating to a “buy” rating in a research note on Tuesday.

View Our Latest Stock Report on NOAH

Noah Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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