Freedom (NASDAQ:FRHC) Shares Up 6.3% - Here's Why

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) shot up 6.3% on Friday . The stock traded as high as $158.33 and last traded at $159.01. 91,555 shares were traded during mid-day trading, an increase of 6% from the average session volume of 86,080 shares. The stock had previously closed at $149.61.

Freedom Price Performance

The company has a 50-day moving average price of $133.74 and a two-hundred day moving average price of $111.38. 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 cap of $9.09 billion, a PE ratio of 26.44 and a beta of 1.01.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $1.29 earnings per share for the quarter. Freedom had a return on equity of 29.48% and a net margin of 17.79%.

Insider Buying and Selling

In other Freedom news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $120.44, for a total transaction of $662,420.00. Following the sale, the insider now owns 133,900 shares in the company, valued at $16,126,916. This represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Azamat Yerdessov sold 7,521 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $116.52, for a total value of $876,346.92. Following the sale, the insider now owns 90,817 shares in the company, valued at $10,581,996.84. The trade was a 7.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,271 shares of company stock worth $1,922,417. 70.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Freedom

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in Freedom by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company's stock worth $840,000 after buying an additional 124 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Freedom by 15.6% in 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 in the last quarter. Swiss National Bank grew its holdings in Freedom by 1.4% in the 4th quarter. Swiss National Bank now owns 35,900 shares of the company's stock worth $4,692,000 after buying an additional 500 shares in the last quarter. Geode Capital Management LLC grew its holdings in Freedom by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company's stock worth $5,054,000 after buying an additional 811 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Freedom in the 3rd quarter worth approximately $206,000. 1.26% of the stock is 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.