Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) CFO Valeriy Kim sold 5,000 shares of Freedom stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $169.31, for a total transaction of $846,550.00. Following the completion of the sale, the chief financial officer owned 47,400 shares of the company's stock, valued at $8,025,294. This trade represents a 9.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Freedom Stock Performance
Shares of NASDAQ:FRHC opened at $174.85 on Friday. The company's 50 day moving average price is $153.39 and its two-hundred day moving average price is $144.69. Freedom Holding Corp. has a 12-month low of $107.97 and a 12-month high of $181.88. The firm has a market cap of $11.15 billion, a PE ratio of 69.11 and a beta of 0.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.04.
Freedom (NASDAQ:FRHC - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.35). Freedom had a return on equity of 10.96% and a net margin of 6.47%.The business had revenue of $554.96 million for the quarter, compared to the consensus estimate of $124.14 million.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Wedbush set a $180.00 price objective on Freedom in a report on Thursday, August 6th. HC Wainwright restated a "buy" rating on shares of Freedom in a research report on Monday, July 20th. KeyCorp reaffirmed a "market perform" rating on shares of Freedom in a research note on Friday, June 5th. Finally, Weiss Ratings cut shares of Freedom from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $159.00.
Get Our Latest Stock Report on Freedom
Institutional Investors Weigh In On Freedom
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi bought a new position in shares of Freedom in the 1st quarter valued at $483,000. Millennium Management LLC raised its holdings in shares of Freedom by 648.1% during the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company's stock worth $16,117,000 after buying an additional 105,641 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Freedom by 214.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company's stock worth $9,915,000 after buying an additional 51,159 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Freedom by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company's stock worth $4,899,000 after buying an additional 3,771 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Freedom by 86.1% in the first quarter. Jane Street Group LLC now owns 7,583 shares of the company's stock valued at $1,002,000 after buying an additional 3,509 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors.
Freedom Company Profile
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Get Free Report)
Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.
The firm's product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.
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