D. E. Shaw & Co. Inc. Purchases 59,124 Shares of Freedom Holding Corp. (NASDAQ:FRHC)

D. E. Shaw & Co. Inc. boosted its position in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 1,127.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,369 shares of the company's stock after purchasing an additional 59,124 shares during the period. D. E. Shaw & Co. Inc. owned about 0.11% of Freedom worth $8,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of 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 purchasing an additional 3,840 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Freedom by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company's stock valued at $840,000 after acquiring an additional 124 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Freedom by 18.9% in the 4th quarter. Handelsbanken Fonder AB now owns 4,400 shares of the company's stock worth $575,000 after purchasing an additional 700 shares during the last quarter. AlphaQuest LLC grew its holdings in Freedom by 119.0% in the 4th quarter. AlphaQuest LLC now owns 4,154 shares of the company's stock worth $543,000 after buying an additional 2,257 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Freedom by 1.4% in the fourth quarter. Swiss National Bank now owns 35,900 shares of the company's stock valued at $4,692,000 after acquiring an additional 500 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Freedom Price Performance

Shares of NASDAQ:FRHC traded up $4.28 during trading hours on Monday, hitting $180.28. 142,185 shares of the company's stock traded hands, compared to its average volume of 85,748. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28. Freedom Holding Corp. has a 52 week low of $71.88 and a 52 week high of $181.88. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 33.82 and a beta of 1.14. The company's fifty day simple moving average is $137.63 and its two-hundred day simple moving average is $134.14.

Insider Activity

In other news, CEO Robert Wotczak sold 11,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $156.88, for a total value of $1,725,680.00. Following the sale, the chief executive officer now owns 59,000 shares in the company, valued at approximately $9,255,920. This trade represents a 15.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sergey Lukyanov sold 1,958 shares of the firm's 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 completion of the transaction, the insider now directly owns 122,842 shares of the company's stock, valued at approximately $19,719,826.26. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,072 shares of company stock worth $4,418,488 over the last 90 days. 70.40% of the stock is owned by company insiders.

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.