HDFC Bank Limited (NYSE:HDB) Shares Acquired by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. raised its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 202.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 432,835 shares of the bank's stock after acquiring an additional 289,781 shares during the quarter. Comgest Global Investors S.A.S.'s holdings in HDFC Bank were worth $27,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in HDFC Bank in the second quarter worth about $36,000. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank during the third quarter valued at approximately $38,000. JFS Wealth Advisors LLC increased its holdings in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after buying an additional 275 shares during the period. GAMMA Investing LLC raised its stake in HDFC Bank by 56.0% in the second quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after buying an additional 324 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in HDFC Bank during the first quarter worth $56,000. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 0.0 %

Shares of HDB stock traded down $0.01 during trading hours on Friday, reaching $61.90. 2,375,136 shares of the company's stock were exchanged, compared to its average volume of 2,979,078. The stock's 50 day moving average is $62.86 and its 200-day moving average is $60.96. The company has a market cap of $156.75 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.61 and a beta of 0.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $67.44.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. Analysts predict that HDFC Bank Limited will post 3.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HDB has been the topic of several recent research reports. StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. cut HDFC Bank from an "overweight" rating to a "neutral" rating in a research report on Monday, July 22nd.

HDFC Bank Company Profile

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.