HDFC Bank Limited (NYSE:HDB) Shares Sold by Charles Lim Capital Ltd

Charles Lim Capital Ltd reduced its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500,000 shares of the bank's stock after selling 75,000 shares during the period. HDFC Bank accounts for approximately 40.0% of Charles Lim Capital Ltd's portfolio, making the stock its biggest holding. Charles Lim Capital Ltd owned 0.10% of HDFC Bank worth $159,650,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. US Bancorp DE grew its stake in shares of HDFC Bank by 12.7% in the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank's stock worth $10,068,000 after acquiring an additional 17,800 shares during the last quarter. Trinity Street Asset Management LLP raised its stake in HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock worth $234,641,000 after acquiring an additional 252,600 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in HDFC Bank in the fourth quarter valued at about $2,907,000. Nomura Asset Management Co. Ltd. raised its position in HDFC Bank by 60.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank's stock valued at $19,830,000 after purchasing an additional 119,050 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its position in HDFC Bank by 34.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank's stock worth $8,572,000 after buying an additional 35,291 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Down 1.7 %

HDB traded down $1.09 during midday trading on Wednesday, reaching $62.72. 1,731,077 shares of the company were exchanged, compared to its average volume of 2,874,118. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market capitalization of $158.82 billion, a P/E ratio of 19.06, a PEG ratio of 2.12 and a beta of 0.68. The stock's 50-day simple moving average is $61.95 and its 200 day simple moving average is $62.76. HDFC Bank Limited has a one year low of $54.99 and a one year high of $68.50.

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

Wall Street Analyst Weigh In

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