Goldman Sachs Group Inc. increased its stake in shares of Noah Holdings Ltd. (NYSE:NOAH) by 61.6% during the first quarter, Holdings Channel reports. The fund owned 511,260 shares of the asset manager’s stock after buying an additional 194,859 shares during the period. Goldman Sachs Group Inc.’s holdings in Noah Holdings were worth $12,976,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NOAH. Ward Ferry Management BVI Ltd increased its stake in shares of Noah Holdings by 65.0% in the first quarter. Ward Ferry Management BVI Ltd now owns 2,734,100 shares of the asset manager’s stock valued at $69,391,000 after buying an additional 1,077,200 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Noah Holdings by 158.7% in the first quarter. Dimensional Fund Advisors LP now owns 197,835 shares of the asset manager’s stock valued at $5,024,000 after buying an additional 121,365 shares during the last quarter. FIL Ltd increased its stake in shares of Noah Holdings by 9.3% in the first quarter. FIL Ltd now owns 1,327,865 shares of the asset manager’s stock valued at $33,701,000 after buying an additional 112,774 shares during the last quarter. Morgan Stanley increased its stake in shares of Noah Holdings by 30.2% in the first quarter. Morgan Stanley now owns 481,607 shares of the asset manager’s stock valued at $12,224,000 after buying an additional 111,758 shares during the last quarter. Finally, Hosking Partners LLP increased its stake in shares of Noah Holdings by 108.0% in the first quarter. Hosking Partners LLP now owns 195,135 shares of the asset manager’s stock valued at $4,953,000 after buying an additional 101,330 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Shares of Noah Holdings Ltd. (NOAH) opened at 32.21 on Monday. The stock has a market capitalization of $1.82 billion, a P/E ratio of 19.26 and a beta of 2.31. The firm’s 50-day moving average price is $27.07 and its 200 day moving average price is $25.40. Noah Holdings Ltd. has a 12-month low of $21.33 and a 12-month high of $32.50.

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Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Noah Holdings from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Wednesday, April 12th. BidaskClub downgraded Noah Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, ValuEngine downgraded Noah Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

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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Institutional Ownership by Quarter for Noah Holdings (NYSE:NOAH)

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