Freedom (NASDAQ:FRHC) Sets New 1-Year High – Still a Buy?

Shares of Freedom Holding Corp. (NASDAQ:FRHC) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $134.00 and last traded at $132.40, with a volume of 28009 shares changing hands. The stock had previously closed at $132.44.

Freedom Price Performance

The stock has a market capitalization of $7.86 billion, a P/E ratio of 22.88 and a beta of 1.02. The company has a 50 day moving average of $118.98 and a 200-day moving average of $98.58. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In related news, CEO Robert Wotczak sold 2,000 shares of Freedom stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $117.60, for a total value of $235,200.00. Following the sale, the chief executive officer now directly owns 70,000 shares in the company, valued at $8,232,000. This trade represents a 2.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Azamat Yerdessov sold 7,521 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $116.52, for a total transaction of $876,346.92. Following the completion of the transaction, the insider now owns 90,817 shares of the company’s stock, valued at approximately $10,581,996.84. This trade represents a 7.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,271 shares of company stock worth $1,922,417 over the last quarter. 70.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Freedom

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position 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 during the period. Barclays PLC raised its position in shares of Freedom by 1,263.2% during the 3rd quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after buying an additional 3,840 shares in the last quarter. Geode Capital Management LLC increased its stake 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 valued at $5,054,000 after acquiring an additional 811 shares during the period. Jane Street Group LLC bought a new stake in Freedom during the third quarter worth approximately $206,000. Finally, State Street Corp boosted its stake in Freedom by 19.0% during 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 in the last quarter. 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.