HDFC Bank Limited (NYSE:HDB) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,627 shares of the bank's stock after acquiring an additional 8,663 shares during the quarter. Alliancebernstein L.P.'s holdings in HDFC Bank were worth $8,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GQG Partners LLC boosted its holdings in HDFC Bank by 74.4% during the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after acquiring an additional 3,364,114 shares during the period. Schroder Investment Management Group increased its stake in HDFC Bank by 82.1% in the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after buying an additional 3,160,533 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in HDFC Bank by 172.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock valued at $215,909,000 after buying an additional 2,140,591 shares during the period. Egerton Capital UK LLP bought a new position in HDFC Bank in the 4th quarter worth about $72,833,000. Finally, DJE Kapital AG bought a new stake in HDFC Bank during the 4th quarter valued at $54,055,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Performance

NYSE HDB traded up $0.59 during trading hours on Wednesday, reaching $70.00. The stock had a trading volume of 1,012,311 shares, compared to its average volume of 2,765,805. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $70.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $177.25 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. The stock has a fifty day moving average of $62.64 and a 200 day moving average of $62.83.

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

Analyst Upgrades and Downgrades

HDB has been the subject of several recent research reports. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a 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.