HDFC Bank Limited (NYSE:HDB) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 16.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,596 shares of the bank's stock after selling 33,101 shares during the period. Alberta Investment Management Corp's holdings in HDFC Bank were worth $10,575,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd increased its position in shares of HDFC Bank by 1.6% during the third quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank's stock worth $523,453,000 after purchasing an additional 132,445 shares in the last quarter. FMR LLC increased its position in shares of HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after purchasing an additional 1,114,210 shares in the last quarter. Franklin Resources Inc. increased its position in shares of HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank's stock worth $420,477,000 after purchasing an additional 560,880 shares in the last quarter. Wellington Management Group LLP increased its position in shares of HDFC Bank by 2.2% during the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank's stock worth $317,141,000 after purchasing an additional 108,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of HDFC Bank by 1.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank's stock worth $302,970,000 after purchasing an additional 51,736 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of HDB stock traded down $0.16 during mid-day trading on Friday, hitting $59.42. 1,250,376 shares of the stock were exchanged, compared to its average volume of 2,632,359. The firm has a fifty day moving average of $61.51 and a 200 day moving average of $62.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52-week low of $53.00 and a 52-week high of $68.50. The company has a market cap of $150.46 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Finally, Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.