Freedom (NASDAQ:FRHC) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Freedom (NASDAQ:FRHC) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

FRHC has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Freedom in a research report on Monday, December 29th. Loop Capital set a $155.00 target price on Freedom in a report on Friday, January 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus target price of $155.00.

Freedom Stock Performance

Shares of FRHC stock opened at $126.00 on Friday. The stock has a market cap of $7.71 billion, a PE ratio of 2,100.00 and a beta of 0.84. The stock has a 50-day moving average of $132.72 and a 200-day moving average of $154.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.16. Freedom has a one year low of $111.85 and a one year high of $194.01.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data on Friday, November 7th. The company reported $0.63 earnings per share for the quarter. Freedom had a net margin of 0.23% and a return on equity of 0.38%. The business had revenue of $526.11 million for the quarter.

Institutional Trading of Freedom

A number of institutional investors have recently modified their holdings of FRHC. Amundi bought a new position in shares of Freedom during the first quarter worth about $483,000. Millennium Management LLC boosted its position in Freedom by 648.1% during the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after acquiring an additional 105,641 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Freedom by 214.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock worth $9,915,000 after acquiring an additional 51,159 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Freedom by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company’s stock valued at $4,899,000 after purchasing an additional 3,771 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Freedom by 86.1% in the first quarter. Jane Street Group LLC now owns 7,583 shares of the company’s stock worth $1,002,000 after purchasing an additional 3,509 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors.

Freedom Company Profile

Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm’s product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.