Noah Holdings Limited (NOAH) Shares Bought by Jane Street Group LLC

Jane Street Group LLC lifted its position in Noah Holdings Limited (NYSE:NOAH) by 72.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,460 shares of the asset manager’s stock after purchasing an additional 6,472 shares during the quarter. Jane Street Group LLC’s holdings in Noah were worth $806,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Yiheng Capital LLC boosted its position in shares of Noah by 0.6% in the 2nd quarter. Yiheng Capital LLC now owns 1,609,934 shares of the asset manager’s stock valued at $83,958,000 after purchasing an additional 9,050 shares during the period. Trustees of Princeton University acquired a new stake in Noah during the 2nd quarter worth approximately $1,229,000. Hillhouse Capital Management Ltd. acquired a new stake in Noah during the 2nd quarter worth approximately $46,515,000. Cubist Systematic Strategies LLC acquired a new stake in Noah during the 2nd quarter worth approximately $803,000. Finally, Bank of America Corp DE lifted its position in Noah by 377.9% during the 2nd quarter. Bank of America Corp DE now owns 15,565 shares of the asset manager’s stock worth $811,000 after acquiring an additional 12,308 shares during the period. 48.52% of the stock is owned by hedge funds and other institutional investors.

Noah stock opened at $36.83 on Tuesday. Noah Holdings Limited has a twelve month low of $35.49 and a twelve month high of $69.56. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 18.32 and a beta of 2.02.

NOAH has been the subject of a number of recent research reports. Nomura raised Noah from a “neutral” rating to a “buy” rating in a research report on Thursday, July 19th. Deutsche Bank initiated coverage on Noah in a research report on Wednesday, September 12th. They set a “buy” rating for the company. ValuEngine cut Noah from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, Zacks Investment Research raised Noah from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $53.50.

About Noah

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

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Institutional Ownership by Quarter for Noah (NYSE:NOAH)

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