Freedom Holding Corp. (NASDAQ:FRHC) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,034 shares of the company’s stock after acquiring an additional 696 shares during the period. Geode Capital Management LLC owned approximately 0.09% of Freedom worth $7,062,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Freedom by 286.0% in the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock valued at $4,471,000 after acquiring an additional 25,350 shares in the last quarter. State Street Corp lifted its position in Freedom by 19.0% in the third quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after purchasing an additional 7,207 shares during the period. Quantbot Technologies LP boosted its holdings in Freedom by 828.2% in the 4th quarter. Quantbot Technologies LP now owns 6,228 shares of the company’s stock valued at $814,000 after purchasing an additional 5,557 shares in the last quarter. Barclays PLC boosted its holdings in Freedom by 1,263.2% in the 3rd quarter. Barclays PLC now owns 4,144 shares of the company’s stock valued at $393,000 after purchasing an additional 3,840 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Freedom during the 4th quarter worth approximately $497,000. 1.26% of the stock is owned by institutional investors and hedge funds.

Freedom Stock Up 3.7 %

FRHC opened at $142.42 on Friday. The business has a 50 day simple moving average of $134.41 and a 200-day simple moving average of $128.24. Freedom Holding Corp. has a 12 month low of $66.12 and a 12 month high of $164.82. The stock has a market capitalization of $8.35 billion, a P/E ratio of 26.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 1.28.

Freedom (NASDAQ:FRHC) last released its earnings results on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.

Insider Buying and Selling

In related news, insider Sergey Lukyanov sold 1,958 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $160.53, for a total value of $314,317.74. Following the sale, the insider now directly owns 122,842 shares of the company’s stock, valued at approximately $19,719,826.26. This represents a 1.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Evgeny Ler sold 15,114 shares of Freedom stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $157.37, for a total transaction of $2,378,490.18. Following the transaction, the chief financial officer now owns 38,794 shares of the company’s stock, valued at approximately $6,105,011.78. The trade was a 28.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,973 shares of company stock valued at $4,883,489. Corporate insiders own 70.40% of the company’s stock.

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.