Grandeur Peak Global Advisors LLC Sells 40,231 Shares of HDFC Bank Limited (NYSE:HDB)

Grandeur Peak Global Advisors LLC reduced its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 31.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,494 shares of the bank's stock after selling 40,231 shares during the quarter. Grandeur Peak Global Advisors LLC's holdings in HDFC Bank were worth $5,715,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FIL Ltd raised its stake in shares of HDFC Bank by 17.5% during the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after purchasing an additional 2,599,337 shares in the last quarter. GQG Partners LLC boosted its stake in shares of HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after purchasing an additional 3,364,114 shares during the last quarter. FMR LLC boosted its holdings in shares of HDFC Bank by 13.3% during the 4th quarter. FMR LLC now owns 7,793,113 shares of the bank's stock worth $497,668,000 after buying an additional 914,289 shares in the last quarter. Schroder Investment Management Group boosted its holdings in HDFC Bank by 82.1% in the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after acquiring an additional 3,160,533 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of HDFC Bank by 1.7% during the fourth quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank's stock worth $441,772,000 after acquiring an additional 113,988 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 4.2 %

Shares of HDB traded up $2.94 during mid-day trading on Thursday, reaching $72.20. The company's stock had a trading volume of 3,024,666 shares, compared to its average volume of 2,795,508. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $72.33. The company's fifty day moving average price is $62.80 and its two-hundred day moving average price is $62.87. The stock has a market cap of $182.84 billion, a PE ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 0.68.

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

Analysts Set New Price Targets

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

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.