Freedom (NASDAQ:FRHC) Hits New 1-Year High – Should You Buy?

Shares of Freedom Holding Corp. (NASDAQ:FRHC) reached a new 52-week high during trading on Wednesday . The stock traded as high as $131.20 and last traded at $131.20, with a volume of 30447 shares changing hands. The stock had previously closed at $129.24.

Freedom Stock Performance

The stock’s fifty day moving average price is $112.33 and its two-hundred day moving average price is $94.36. The company has a market cap of $8.01 billion, a P/E ratio of 23.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26.

Insiders Place Their Bets

In other Freedom news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of Freedom stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $120.44, for a total value of $662,420.00. Following the transaction, 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 legal filing with the SEC, which is available at this link. Also, CEO Robert Wotczak sold 650 shares of Freedom stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $117.80, for a total transaction of $76,570.00. Following the sale, the chief executive officer now directly owns 72,000 shares in the company, valued at $8,481,600. This trade represents a 0.89 % 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 three months. Insiders own 70.40% of the company’s stock.

Institutional Investors Weigh In On Freedom

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of Freedom during the third quarter worth $206,000. Victory Capital Management Inc. bought a new position in Freedom during the 3rd quarter worth $213,000. Handelsbanken Fonder AB lifted its holdings in Freedom by 15.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after buying an additional 500 shares during the period. Barclays PLC grew its position in shares of Freedom by 1,263.2% in the 3rd quarter. Barclays PLC now owns 4,144 shares of the company’s stock valued at $393,000 after buying an additional 3,840 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Freedom in the 3rd quarter valued at about $400,000. 1.26% of the stock is owned by institutional investors.

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.