Noah Holdings (NOAH)

• Market cap: $781M
• 1 day: 2.33%
• 5 days: 3.66%
• 1 month: 2.95%
• 3 months: 32.29%
• 6 months: 14.12%
• Year to date: -10.47%
• 1 year: -10.34%
• 5 years: -65.98%
• 10 years: -44.59%

About: Noah Holdings Ltd is a wealth management service provider. It focuses on 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 other business. Its product offerings consisting of over-the-counter wealth management and OTC asset management products and mutual fund products. The portfolio of the group mostly includes fixed income products, private equity funds and securities investment funds. Majority of the firm revenue is generated through one-time commissions and recurring service fees paid by third-party product providers.

Employees: 2,583

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

144% more call options, than puts

Call options by funds: $1.06M | Put options by funds: $433K

13% more capital invested

Capital invested by funds: $288M [Q2] → $326M (+$38.6M) [Q3]

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

0.33% less ownership

Funds ownership: 8.29% [Q2] → 7.96% (-0.33%) [Q3]

3% less funds holding

Funds holding: 71 [Q2] → 69 (-2) [Q3]

10% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 20

40% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $13 9% upside
• Avg. target: $13 9% upside
• High target: $13 9% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

UBS Helen Li 0 / 0 met price target

9% upside $13

Neutral Downgraded

24 Oct 2024