Freedom (NASDAQ:FRHC) Sets New 12-Month High – Time to Buy?

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

Freedom Stock Down 1.4 %

The stock has a 50-day moving average price of $118.49 and a 200-day moving average price of $98.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $7.92 billion, a P/E ratio of 23.04 and a beta of 1.02.

Insiders Place Their Bets

In other Freedom news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the stock in a transaction dated 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 directly owns 133,900 shares in the company, valued at approximately $16,126,916. This trade represents a 3.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Azamat Yerdessov sold 7,521 shares of the business’s stock in a transaction dated 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 in the company, valued at $10,581,996.84. This represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,271 shares of company stock worth $1,922,417. 70.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Freedom

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of Freedom by 1.5% during the 3rd 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. State Street Corp raised its holdings in shares of Freedom by 19.0% during the third 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. Sparta 24 Ltd. bought a new position in shares of Freedom during the 2nd quarter worth about $1,996,000. JPMorgan Chase & Co. grew its stake in shares of Freedom by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock valued at $840,000 after buying an additional 124 shares during the period. Finally, Marshall Wace LLP bought a new stake in Freedom in the 2nd quarter valued at about $618,000. 1.26% of the stock is currently owned by institutional investors.

About Freedom

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.