Freedom (NASDAQ:FRHC) Hits New 52-Week High – Should You Buy?

Freedom Holding Corp. (NASDAQ:FRHC)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $139.16 and last traded at $138.32, with a volume of 65383 shares traded. The stock had previously closed at $134.89.

Freedom Stock Up 2.5 %

The firm has a market cap of $8.38 billion, a PE ratio of 24.40 and a beta of 1.01. The business has a 50-day moving average price of $126.58 and a two-hundred day moving average price of $105.15. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings results on Friday, November 8th. The company reported $1.89 earnings per share (EPS) for the quarter. Freedom had a return on equity of 29.48% and a net margin of 17.79%. The company had revenue of $580.90 million for the quarter.

Insider Buying and Selling

In related news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $120.44, for a total transaction of $662,420.00. Following the completion of the sale, the insider now owns 133,900 shares in the company, valued at $16,126,916. The trade was a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Azamat Yerdessov sold 7,521 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $116.52, for a total value of $876,346.92. Following the completion of the transaction, the insider now directly owns 90,817 shares of the company’s stock, valued at $10,581,996.84. This trade represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,271 shares of company stock worth $1,922,417 over the last 90 days. 70.40% of the stock is owned by insiders.

Institutional Trading of Freedom

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Freedom by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock worth $840,000 after acquiring an additional 124 shares in the last quarter. Barclays PLC grew its holdings in shares of Freedom by 1,263.2% during the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after purchasing an additional 3,840 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Freedom by 1.5% during the third quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock worth $5,054,000 after purchasing an additional 811 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Freedom in the 3rd quarter valued at about $206,000. Finally, State Street Corp boosted its position in shares of Freedom by 19.0% in the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after purchasing an additional 7,207 shares during the period. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.