Freedom Holding Corp. (NASDAQ:FRHC) Holdings Lifted by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its position in Freedom Holding Corp. (NASDAQ:FRHC) by 1,127.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,369 shares of the company’s stock after purchasing an additional 59,124 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Freedom were worth $8,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Freedom by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock worth $840,000 after acquiring an additional 124 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Freedom by 27.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company’s stock valued at $139,000 after acquiring an additional 232 shares in the last quarter. Headlands Technologies LLC acquired a new position in Freedom in the 4th quarter valued at approximately $30,000. Swiss National Bank grew its stake in shares of Freedom by 1.4% in the 4th quarter. Swiss National Bank now owns 35,900 shares of the company’s stock valued at $4,692,000 after purchasing an additional 500 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Freedom by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 54,034 shares of the company’s stock valued at $7,062,000 after purchasing an additional 696 shares during the period. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Freedom Trading Up 0.5%

FRHC stock opened at $170.25 on Friday. Freedom Holding Corp. has a 1-year low of $70.60 and a 1-year high of $172.46. The firm has a market cap of $9.98 billion, a P/E ratio of 31.94 and a beta of 1.14. The business’s 50 day moving average is $136.65 and its 200-day moving average is $133.35. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.40.

Insider Activity

In other Freedom news, insider Sergey Lukyanov sold 1,958 shares of the 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 transaction, the insider now directly owns 122,842 shares in the company, valued at approximately $19,719,826.26. This trade represents a 1.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Evgeny Ler sold 15,114 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $157.37, for a total value of $2,378,490.18. Following the completion of the transaction, the chief financial officer now directly owns 38,794 shares in the company, valued at approximately $6,105,011.78. This trade represents a 28.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,072 shares of company stock worth $4,418,488. Company insiders own 70.40% of the company’s stock.

Freedom Company 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.