Hsbc Holdings PLC Acquires 837 Shares of Freedom Holding Corp. (NASDAQ:FRHC)

Hsbc Holdings PLC boosted its holdings in Freedom Holding Corp. (NASDAQ:FRHC) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,337 shares of the company’s stock after purchasing an additional 837 shares during the quarter. Hsbc Holdings PLC’s holdings in Freedom were worth $3,185,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Freedom by 286.0% in the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock worth $4,471,000 after purchasing an additional 25,350 shares in the last quarter. Barclays PLC increased its holdings in shares of Freedom by 1,263.2% during the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock valued at $393,000 after acquiring an additional 3,840 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Freedom by 1.5% during the third quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock valued at $5,054,000 after acquiring an additional 811 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Freedom during the fourth quarter valued at approximately $10,589,000. Finally, AlphaQuest LLC increased its holdings in shares of Freedom by 119.0% during the fourth quarter. AlphaQuest LLC now owns 4,154 shares of the company’s stock valued at $543,000 after acquiring an additional 2,257 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Evgeny Ler sold 15,114 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 38,794 shares in the company, valued at approximately $6,105,011.78. This represents a 28.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sergey Lukyanov sold 2,901 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $160.29, for a total value of $465,001.29. Following the sale, the insider now owns 124,800 shares of the company’s stock, valued at $20,004,192. This trade represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,973 shares of company stock worth $4,883,489. 70.40% of the stock is owned by corporate insiders.

Freedom Trading Down 1.0 %

NASDAQ FRHC opened at $144.40 on Wednesday. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 27.09 and a beta of 1.10. Freedom Holding Corp. has a 52 week low of $66.61 and a 52 week high of $164.82. The business has a 50 day moving average price of $133.74 and a 200-day moving average price of $129.43. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.40.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data 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%.

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.