Kontiki Capital Management HK Ltd. Buys 354,348 Shares of HDFC Bank Limited (NYSE:HDB)

Kontiki Capital Management HK Ltd. grew its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,611,169 shares of the bank's stock after acquiring an additional 354,348 shares during the period. HDFC Bank comprises about 20.1% of Kontiki Capital Management HK Ltd.'s portfolio, making the stock its 2nd largest holding. Kontiki Capital Management HK Ltd. owned 0.14% of HDFC Bank worth $230,609,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of HDB. Glenmede Trust Co. NA raised its holdings in shares of HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock valued at $301,000 after acquiring an additional 167 shares during the period. Waverton Investment Management Ltd grew its position in HDFC Bank by 1.0% during the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock worth $1,275,000 after purchasing an additional 203 shares in the last quarter. Commerce Bank raised its stake in HDFC Bank by 7.0% during the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock valued at $214,000 after purchasing an additional 225 shares during the period. Pin Oak Investment Advisors Inc. lifted its holdings in shares of HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. Finally, Baron Wealth Management LLC boosted its position in shares of HDFC Bank by 3.7% in the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock worth $470,000 after buying an additional 263 shares during the period. 17.61% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Up 1.2 %

HDB stock traded up $0.82 during mid-day trading on Thursday, hitting $66.72. The stock had a trading volume of 5,053,736 shares, compared to its average volume of 2,549,117. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $68.50. The company has a fifty day moving average of $60.85 and a 200 day moving average of $62.61. 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 stock has a market capitalization of $168.94 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last issued 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 net margin of 14.64% and a return on equity of 12.19%. On average, equities analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.