Noah Holdings Details Ongoing ADS Buybacks With No Change in Issued Share Count

Noah Holdings ( (NOAH) ) has issued an announcement.

Noah Holdings Limited filed a Form 6-K on February 11, 2026, disclosing a Next Day Disclosure Return for its Hong Kong-listed entity Noah Holdings Private Wealth and Asset Management Limited, which reported no change in the total number of issued ordinary shares as of February 9, 2026, remaining at 335,258,287. The filing also detailed a series of past share repurchases conducted on the New York Stock Exchange between December 23, 2025 and January 28, 2026 under a June 12, 2025 mandate, with the shares bought back for cancellation but not yet cancelled by the reporting date, signaling ongoing capital management efforts that modestly reduce the company’s free float and may enhance per-share metrics for existing investors.

These buybacks, executed via ADS repurchases representing ordinary shares at prices around USD 1.97 to USD 2.34, incrementally shrink Noah’s outstanding share base without altering the headline issued-share count reported in Hong Kong. For stakeholders, the continued execution of the repurchase program underscores management’s willingness to return capital and potentially support the stock, while maintaining regulatory transparency across its dual U.S. and Hong Kong listings.

The most recent analyst rating on (NOAH) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.

Spark’s Take on NOAH Stock

According to Spark, TipRanks’ AI Analyst, NOAH is a Neutral.

Noah Holdings’ overall stock score reflects strong financial stability and attractive valuation, offset by technical weakness and revenue challenges. The company’s strategic growth initiatives and profitability improvements are positive, but declining revenues and bearish technical indicators weigh on the score.

To see Spark’s full report on NOAH stock, click here.

More about Noah Holdings

Noah Holdings Limited, through its Hong Kong-listed unit Noah Holdings Private Wealth and Asset Management Limited, operates in the private wealth and asset management industry, focusing on serving high‑net‑worth clients in China and globally. The group offers investment products and advisory services, and its shares are listed on the Hong Kong Stock Exchange under stock code 06686, with American depositary shares traded on the New York Stock Exchange.

Average Trading Volume: 113,183

Technical Sentiment Signal: Buy

Current Market Cap: $813.1M

See more insights into NOAH stock on TipRanks’ Stock Analysis page.