Genesis Investment Management LLP Has $2.12 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Genesis Investment Management LLP trimmed its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 73.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,120 shares of the bank's stock after selling 92,043 shares during the quarter. HDFC Bank comprises 2.3% of Genesis Investment Management LLP's investment portfolio, making the stock its 13th biggest position. Genesis Investment Management LLP's holdings in HDFC Bank were worth $2,115,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Diversify Wealth Management LLC lifted its stake in HDFC Bank by 7.8% during the fourth quarter. Diversify Wealth Management LLC now owns 4,970 shares of the bank's stock worth $291,000 after purchasing an additional 358 shares during the last quarter. Artemis Investment Management LLP boosted its stake in shares of HDFC Bank by 7.3% during the 4th quarter. Artemis Investment Management LLP now owns 12,262 shares of the bank's stock worth $783,000 after acquiring an additional 829 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of HDFC Bank by 20.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 7,668 shares of the bank's stock valued at $490,000 after purchasing an additional 1,324 shares in the last quarter. HB Wealth Management LLC purchased a new position in HDFC Bank in the 4th quarter valued at about $233,000. Finally, Canoe Financial LP grew its position in shares of HDFC Bank by 17.6% in the fourth quarter. Canoe Financial LP now owns 339,190 shares of the bank's stock valued at $21,661,000 after purchasing an additional 50,792 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

HDFC Bank Trading Up 0.9 %

Shares of HDB traded up $0.50 during midday trading on Tuesday, hitting $58.90. The stock had a trading volume of 2,644,743 shares, compared to its average volume of 2,900,301. The business has a 50-day simple moving average of $63.90 and a two-hundred day simple moving average of $62.45. 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 $68.50. The firm has a market cap of $149.16 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.66 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. As a group, equities analysts forecast that HDFC Bank Limited will post 3.13 EPS 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.