1,874 Shares in Freedom Holding Corp. $FRHC Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC invested approximately $248,000 in Freedom Holding Corp. by purchasing 1,874 shares during the first quarter.
• Several institutional investors, including D. E. Shaw & Co. Inc., have significantly increased their stakes in Freedom, with D. E. Shaw's holdings rising by 1,127.2% in the last quarter.
• Freedom Holding's shares are currently trading around $166.84, with a market capitalization of $9.95 billion and a P/E ratio of 126.39.

Vident Advisory LLC purchased a new stake in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,874 shares of the company's stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC raised its stake in shares of Freedom by 16.7% during the first quarter. Hsbc Holdings PLC now owns 28,391 shares of the company's stock valued at $3,653,000 after purchasing an additional 4,054 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Freedom by 153.6% during the fourth quarter. California State Teachers Retirement System now owns 16,512 shares of the company's stock valued at $2,158,000 after purchasing an additional 10,000 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Freedom during the first quarter valued at about $219,000. KBC Group NV bought a new stake in shares of Freedom during the first quarter valued at about $138,000. Finally, Millennium Management LLC bought a new stake in shares of Freedom during the fourth quarter valued at about $2,130,000. 1.26% of the stock is currently owned by institutional investors.

Freedom Stock Performance

Shares of NASDAQ FRHC traded up $0.22 during midday trading on Monday, reaching $164.91. 101,071 shares of the company traded hands, compared to its average volume of 96,909. Freedom Holding Corp. has a 52 week low of $92.88 and a 52 week high of $194.01. The stock has a 50-day moving average price of $170.65 and a 200 day moving average price of $153.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 124.93 and a beta of 1.07.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.50 earnings per share for the quarter. Freedom had a net margin of 3.78% and a return on equity of 6.49%. The business had revenue of $533.42 million for the quarter.

About Freedom

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.