Noah Holdings Ltd. (NYSE:NOAH)’s share price rose 5.5% during trading on Wednesday . The stock traded as high as $42.77 and last traded at $42.76. Approximately 779,874 shares traded hands during mid-day trading, an increase of 259% from the average daily volume of 217,178 shares. The stock had previously closed at $40.53.

NOAH has been the subject of several research reports. BidaskClub downgraded Noah from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded Noah from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st.

The firm has a market capitalization of $2,253.40, a PE ratio of 22.14 and a beta of 2.58.

Several institutional investors and hedge funds have recently modified their holdings of NOAH. Russell Investments Group Ltd. bought a new position in shares of Noah during the second quarter worth about $158,000. Aperio Group LLC bought a new position in shares of Noah during the second quarter worth about $239,000. Airain ltd bought a new position in shares of Noah during the second quarter worth about $245,000. APG Asset Management N.V. bought a new position in shares of Noah during the third quarter worth about $249,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of Noah during the third quarter worth about $324,000. Institutional investors own 46.91% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.watchlistnews.com/noah-noah-stock-price-up-5-5/1748307.html.

About Noah

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.

Receive News & Ratings for Noah Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noah Holdings Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.