Geode Capital Management LLC Cuts Holdings in Noah Holdings Limited (NYSE:NOAH)

Geode Capital Management LLC decreased its position in Noah Holdings Limited (NYSE:NOAH) by 5.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Noah by 2,218.7% during the third quarter. Signaturefd LLC now owns 2,481 shares of the asset manager’s stock worth $31,000 after purchasing an additional 2,374 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Noah by 510.7% during the third quarter. Blue Trust Inc. now owns 3,982 shares of the asset manager’s stock worth $49,000 after purchasing an additional 3,330 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Noah during the third quarter worth about $65,000. Wolverine Trading LLC purchased a new stake in shares of Noah during the third quarter worth about $196,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Noah during the third quarter worth about $199,000. Hedge funds and other institutional investors own 42.67% of the company’s stock.

Noah Trading Down 0.9 %

NOAH opened at $10.05 on Tuesday. The firm has a market capitalization of $663.04 million, a PE ratio of 8.59 and a beta of 0.79. Noah Holdings Limited has a twelve month low of $7.14 and a twelve month 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.

Analyst Ratings Changes

NOAH has been the topic of a number of recent research reports. StockNews.com upgraded shares of Noah from a “hold” rating to a “buy” rating in a research 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 target on the stock. in a research 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 target on the stock. in a research report on Friday, November 29th.

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.