Goldman Sachs Group Inc. Sells 122,755 Shares of Noah Holdings Ltd. (NYSE:NOAH)

Goldman Sachs Group Inc. lessened its holdings in shares of Noah Holdings Ltd. (NYSE:NOAH) by 24.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 388,505 shares of the asset manager’s stock after selling 122,755 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.69% of Noah Holdings worth $11,131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Davis Selected Advisers boosted its stake in Noah Holdings by 13.3% during the 2nd quarter. Davis Selected Advisers now owns 1,434,298 shares of the asset manager’s stock worth $41,093,000 after purchasing an additional 168,882 shares during the last quarter. FIL Ltd boosted its position in shares of Noah Holdings by 1.6% during the 2nd quarter. FIL Ltd now owns 1,349,039 shares of the asset manager’s stock valued at $38,650,000 after acquiring an additional 21,174 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Noah Holdings by 223,587.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 738,169 shares of the asset manager’s stock valued at $21,150,000 after acquiring an additional 737,839 shares during the last quarter. Morgan Stanley boosted its position in shares of Noah Holdings by 30.2% during the 1st quarter. Morgan Stanley now owns 481,607 shares of the asset manager’s stock valued at $12,224,000 after acquiring an additional 111,758 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Noah Holdings by 35.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 268,828 shares of the asset manager’s stock valued at $7,698,000 after acquiring an additional 70,993 shares during the last quarter. 41.45% of the stock is currently owned by institutional investors.

Shares of Noah Holdings Ltd. (NOAH) opened at 38.79 on Friday. Noah Holdings Ltd. has a 52 week low of $21.33 and a 52 week high of $40.98. The firm’s 50-day moving average is $33.61 and its 200-day moving average is $29.83. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 21.56 and a beta of 2.44.

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A number of research analysts have commented on the stock. BidaskClub raised shares of Noah Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Zacks Investment Research cut shares of Noah Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th.

Noah Holdings 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.

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

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