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

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company 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 Price Performance

The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 22.88 and a beta of 1.02. The company's 50 day moving average is $118.98 and its 200 day moving average is $98.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26.

Insider Activity

In other Freedom news, insider Kairat Bakibayevich Akhmetov sold 600 shares of Freedom stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $119.80, for a total transaction of $71,880.00. Following the completion of the transaction, the insider now owns 139,400 shares in the company, valued at approximately $16,700,120. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Wotczak sold 650 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $117.80, for a total transaction of $76,570.00. Following the transaction, the chief executive officer now directly owns 72,000 shares of the company's stock, valued at approximately $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. In the last three months, insiders sold 16,271 shares of company stock worth $1,922,417. Company insiders own 70.40% of the company's stock.

Hedge Funds Weigh In On Freedom

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in 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 acquiring an additional 811 shares during the last quarter. State Street Corp grew its position in 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 acquiring an additional 7,207 shares during the period. Sparta 24 Ltd. purchased a new position in shares of Freedom in the 2nd quarter worth about $1,996,000. JPMorgan Chase & Co. lifted 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 purchasing an additional 124 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Freedom during the 2nd quarter worth about $618,000. 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.