Freedom (NASDAQ:FRHC) Insider Azamat Yerdessov Sells 16,800 Shares

Freedom Holding Corp. (NASDAQ:FRHC) insider Azamat Yerdessov sold 16,800 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.48, for a total transaction of $2,612,064.00. Following the transaction, the insider directly owned 227,442 shares of the company’s stock, valued at approximately $35,362,682.16. This represents a 6.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Freedom Trading Down 4.4%

NASDAQ FRHC opened at $142.01 on Tuesday. Freedom Holding Corp. has a 12 month low of $107.97 and a 12 month high of $194.01. The company has a 50-day moving average of $148.47 and a 200-day moving average of $135.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $8.70 billion, a P/E ratio of 56.58 and a beta of 0.69.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.13 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 for the quarter, compared to analyst estimates of $124.14 million.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Loop Capital set a $138.00 target price on shares of Freedom in a research report on Thursday, February 26th. Finally, KeyCorp reissued a “market perform” rating on shares of Freedom in a research report on Friday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $138.00.

Institutional Trading of Freedom

A number of institutional investors and hedge funds have recently bought and sold shares of FRHC. First Trust Advisors LP acquired a new stake in Freedom during the 3rd quarter worth approximately $31,591,000. Millennium Management LLC increased its position in 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 purchasing an additional 105,641 shares in the last quarter. Goldman Sachs Group Inc. increased its position in 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 purchasing an additional 51,159 shares in the last quarter. JPMorgan Chase & Co. increased its position in Freedom by 188.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,068 shares of the company’s stock worth $13,094,000 after purchasing an additional 49,712 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Freedom by 170.6% in the 4th quarter. AQR Capital Management LLC now owns 71,883 shares of the company’s stock worth $8,747,000 after acquiring an additional 45,321 shares during the period. Institutional investors and hedge funds own 1.26% of the company’s stock.

Freedom Company Profile

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.