HDFC Bank Limited (NYSE:HDB) Shares Acquired by Fmr LLC

FMR LLC boosted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 19.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,878,824 shares of the bank's stock after purchasing an additional 1,114,210 shares during the quarter. FMR LLC owned approximately 0.27% of HDFC Bank worth $430,339,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Commerce Bank raised its position in HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank's stock worth $214,000 after acquiring an additional 225 shares during the last quarter. UMB Bank n.a. grew its holdings in HDFC Bank by 5.4% during the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock valued at $311,000 after buying an additional 248 shares during the last quarter. Mount Yale Investment Advisors LLC increased its position in HDFC Bank by 4.2% during the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock worth $399,000 after buying an additional 257 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after acquiring an additional 275 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its holdings in shares of HDFC Bank by 1.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank's stock worth $1,600,000 after acquiring an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday.

HDFC Bank Trading Down 1.1 %

Shares of HDB traded down $0.74 on Friday, hitting $66.76. 2,688,657 shares of the stock traded hands, compared to its average volume of 3,008,595. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.76. The stock's 50 day moving average is $63.34 and its two-hundred day moving average is $61.57. The firm has a market capitalization of $169.06 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.79 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34.

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 for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current year.

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.