Gilder Gagnon Howe & Co. LLC Buys 60,973 Shares of HDFC Bank Limited (NYSE:HDB)

Gilder Gagnon Howe & Co. LLC boosted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 343,392 shares of the bank's stock after acquiring an additional 60,973 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in HDFC Bank were worth $21,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MGO One Seven LLC grew its stake in HDFC Bank by 29.3% during the fourth quarter. MGO One Seven LLC now owns 5,555 shares of the bank's stock worth $355,000 after buying an additional 1,258 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in HDFC Bank by 49.7% in the fourth quarter. Pinebridge Investments L.P. now owns 451,685 shares of the bank's stock worth $28,845,000 after purchasing an additional 150,000 shares during the period. Fayez Sarofim & Co raised its holdings in shares of HDFC Bank by 4.3% during the fourth quarter. Fayez Sarofim & Co now owns 87,100 shares of the bank's stock valued at $5,562,000 after purchasing an additional 3,555 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of HDFC Bank by 11.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 15,346 shares of the bank's stock worth $980,000 after purchasing an additional 1,553 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in HDFC Bank by 7.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 255,480 shares of the bank's stock valued at $16,315,000 after acquiring an additional 17,060 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Up 0.8 %

Shares of HDB stock traded up $0.57 during midday trading on Tuesday, reaching $72.41. 2,099,248 shares of the stock were exchanged, compared to its average volume of 2,828,573. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market cap of $183.35 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. The company's 50 day moving average is $64.76 and its two-hundred day moving average is $63.55. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

HDB has been the topic of a number of analyst reports. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Thursday, April 24th.

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.