BNP Paribas Financial Markets Invests $1.53 Million in Freedom Holding Corp. (NASDAQ:FRHC)

BNP Paribas Financial Markets acquired a new position in shares of Freedom Holding Corp. (NASDAQ:FRHC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,735 shares of the company’s stock, valued at approximately $1,534,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Freedom by 286.0% in the 4th quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock valued at $4,471,000 after buying an additional 25,350 shares in the last quarter. Barclays PLC boosted its stake in Freedom by 219.1% in the fourth quarter. Barclays PLC now owns 13,224 shares of the company’s stock worth $1,728,000 after purchasing an additional 9,080 shares in the last quarter. Marshall Wace LLP acquired a new position in Freedom in the fourth quarter worth $10,589,000. AlphaQuest LLC boosted its stake in Freedom by 119.0% in the fourth quarter. AlphaQuest LLC now owns 4,154 shares of the company’s stock worth $543,000 after purchasing an additional 2,257 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Freedom by 828.2% in the fourth quarter. Quantbot Technologies LP now owns 6,228 shares of the company’s stock worth $814,000 after purchasing an additional 5,557 shares in the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

Freedom Price Performance

Freedom stock opened at $176.00 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $10.32 billion, a P/E ratio of 33.02 and a beta of 1.14. The business’s fifty day moving average is $137.63 and its two-hundred day moving average is $134.14. Freedom Holding Corp. has a 52 week low of $71.88 and a 52 week high of $181.14.

Insiders Place Their Bets

In other Freedom news, CFO Evgeny Ler sold 15,114 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $157.37, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sergey Lukyanov sold 1,958 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $160.53, for a total value of $314,317.74. Following the completion of the transaction, the insider now directly owns 122,842 shares in the company, valued at approximately $19,719,826.26. This represents a 1.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,072 shares of company stock valued at $4,418,488. 70.40% of the stock is currently owned by corporate insiders.

Freedom Profile

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.