HDFC Bank Limited (NYSE:HDB) Shares Bought by Jump Financial LLC

Jump Financial LLC raised its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 53.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,700 shares of the bank's stock after acquiring an additional 45,900 shares during the quarter. Jump Financial LLC's holdings in HDFC Bank were worth $8,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HDB. Whipplewood Advisors LLC acquired a new position in shares of HDFC Bank in the fourth quarter valued at $29,000. Graney & King LLC bought a new stake in shares of HDFC Bank during the 4th quarter worth $38,000. Brown Brothers Harriman & Co. raised its position in HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after purchasing an additional 240 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of HDFC Bank in the 4th quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of HDFC Bank in the 4th quarter valued at about $56,000. Institutional investors own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on HDB shares. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

HDFC Bank Stock Up 4.2 %

HDB stock traded up $2.93 during trading on Friday, hitting $72.19. 5,530,201 shares of the stock traded hands, compared to its average volume of 2,802,875. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $72.34. The firm's 50 day moving average is $63.27 and its two-hundred day moving average is $63.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $182.80 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68.

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, beating analysts' consensus estimates 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, sell-side analysts anticipate that HDFC Bank Limited will post 3.03 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.