Geode Capital Management LLC Has $5.05 Million Stock Position in Freedom Holding Corp. (NASDAQ:FRHC)

Geode Capital Management LLC lifted its stake in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 1.5% in the 3rd quarter, Holdings Channel reports. The fund owned 53,338 shares of the company’s stock after acquiring an additional 811 shares during the quarter. Geode Capital Management LLC’s holdings in Freedom were worth $5,054,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC bought a new position in Freedom during the 3rd quarter worth about $206,000. Victory Capital Management Inc. bought a new position in shares of Freedom during the third quarter worth about $213,000. Handelsbanken Fonder AB lifted its stake in Freedom by 15.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after acquiring an additional 500 shares in the last quarter. Barclays PLC boosted its position in Freedom by 1,263.2% during the 3rd quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after acquiring an additional 3,840 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Freedom during the 3rd quarter worth approximately $400,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Robert Wotczak sold 2,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $117.60, for a total value of $235,200.00. Following the completion of the transaction, the chief executive officer now directly owns 70,000 shares of the company’s stock, valued at approximately $8,232,000. This trade represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azamat Yerdessov sold 7,521 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $116.52, for a total transaction of $876,346.92. Following the sale, the insider now directly owns 90,817 shares in the company, valued at $10,581,996.84. This trade represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,271 shares of company stock valued at $1,922,417 in the last three months. 70.40% of the stock is currently owned by corporate insiders.

Freedom Stock Performance

Shares of FRHC stock opened at $134.10 on Friday. Freedom Holding Corp. has a 12 month low of $64.00 and a 12 month high of $134.67. The company’s fifty day simple moving average is $121.47 and its 200-day simple moving average is $100.41. The firm has a market cap of $8.13 billion, a PE ratio of 23.65 and a beta of 1.02. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

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.