Freedom (NASDAQ:FRHC) Director Boris Cherdabayev Sells 186 Shares

Freedom Holding Corp. (NASDAQ:FRHC) Director Boris Cherdabayev sold 186 shares of the stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $125.72, for a total transaction of $23,383.92. Following the transaction, the director owned 121 shares of the company’s stock, valued at approximately $15,212.12. This represents a 60.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Freedom Price Performance

Shares of NASDAQ FRHC opened at $154.63 on Wednesday. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 61.61 and a beta of 0.68. The business has a 50-day moving average of $147.82 and a 200-day moving average of $139.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. Freedom Holding Corp. has a fifty-two week low of $107.97 and a fifty-two week high of $194.01.

Freedom (NASDAQ:FRHC) last released its earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). Freedom had a net margin of 7.00% and a return on equity of 11.50%. The company had revenue of $486.15 million during the quarter, compared to analyst estimates of $124.14 million.

Analyst Ratings Changes

FRHC has been the topic of several recent analyst reports. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a research report on Friday, June 5th. Weiss Ratings raised Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, HC Wainwright reissued a “buy” rating on shares of Freedom in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $138.00.

Institutional Investors Weigh In On Freedom

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP acquired a new stake in Freedom in the 3rd quarter valued at about $31,591,000. Millennium Management LLC grew its holdings in Freedom by 648.1% during the first quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after purchasing an additional 105,641 shares during the period. Goldman Sachs Group Inc. increased its position in Freedom by 214.4% during the first 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. AQR Capital Management LLC increased its position in Freedom by 170.6% during the fourth quarter. AQR Capital Management LLC now owns 71,883 shares of the company’s stock worth $8,747,000 after buying an additional 45,321 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Freedom by 71.8% in the second quarter. Bank of America Corp DE now owns 48,513 shares of the company’s stock valued at $7,085,000 after buying an additional 20,275 shares during the period. 1.26% of the stock is owned by institutional investors.

About Freedom

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.