Valeriy Kim Sells 5,000 Shares of Freedom (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) CFO Valeriy Kim sold 5,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $169.31, for a total value of $846,550.00. Following the completion of the sale, the chief financial officer directly owned 47,400 shares of the company’s stock, valued at $8,025,294. The trade was a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Freedom Trading Up 2.5%

Shares of Freedom stock opened at $174.85 on Friday. The firm has a market cap of $11.15 billion, a PE ratio of 69.11 and a beta of 0.67. Freedom Holding Corp. has a 1 year low of $107.97 and a 1 year high of $181.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a fifty day moving average price of $153.39 and a 200-day moving average price of $144.69.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.35). The company had revenue of $554.96 million for the quarter, compared to the consensus estimate of $124.14 million. Freedom had a net margin of 6.47% and a return on equity of 10.96%.

Wall Street Analyst Weigh In

A number of research firms recently commented on FRHC. KeyCorp reaffirmed a “market perform” rating on shares of Freedom in a report on Friday, June 5th. Wedbush set a $180.00 price objective on Freedom in a report on Thursday, August 6th. HC Wainwright reissued a “buy” rating on shares of Freedom in a research report on Monday, July 20th. Finally, Weiss Ratings lowered Freedom from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $159.00.

Hedge Funds Weigh In On Freedom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its stake in shares of Freedom by 290.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock valued at $25,000 after buying an additional 154 shares in the last quarter. Parallel Advisors LLC grew its stake in Freedom by 476.2% in the 1st quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock valued at $53,000 after buying an additional 300 shares in the last quarter. Wells Fargo & Company MN grew its stake in Freedom by 111.7% in the 4th quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock valued at $62,000 after buying an additional 267 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Freedom during the 2nd quarter valued at $78,000. Finally, Royal Bank of Canada raised its holdings in Freedom by 67.2% during the 1st quarter. Royal Bank of Canada now owns 587 shares of the company’s stock valued at $85,000 after acquiring an additional 236 shares during the period. Institutional investors own 1.26% of the company’s stock.

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.