Freedom (NASDAQ:FRHC) Hits New 12-Month High - Should You Buy?

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $135.90 and last traded at $135.49, with a volume of 24632 shares traded. The stock had previously closed at $134.03.

Freedom Price Performance

The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 23.74 and a beta of 1.01. 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 50-day simple moving average of $125.79 and a two-hundred day simple moving average of $103.91.

Insider Buying and Selling

In related news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of Freedom stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $120.44, for a total transaction of $662,420.00. Following the sale, the insider now directly 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 sale 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 stock in a transaction dated Monday, November 18th. The shares were 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 $10,581,996.84. This 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 valued at $1,922,417 in the last quarter. Company insiders own 70.40% of the company's stock.

Institutional Trading of Freedom

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its stake in shares of Freedom by 1,263.2% in 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 raised its position in Freedom by 1.5% in the third quarter. Geode Capital Management LLC now owns 53,338 shares of the company's stock worth $5,054,000 after acquiring an additional 811 shares in the last quarter. State Street Corp lifted its holdings in 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 acquiring an additional 7,207 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Freedom during the 3rd quarter valued at about $400,000. Finally, Marshall Wace LLP bought a new position in shares of Freedom during 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.