Baillie Gifford & Co. Sells 4,735,466 Shares of HDFC Bank Limited (NYSE:HDB)

Baillie Gifford & Co. lessened its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 56.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,615,750 shares of the bank's stock after selling 4,735,466 shares during the quarter. Baillie Gifford & Co. owned about 0.14% of HDFC Bank worth $230,902,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Sierra Ocean LLC bought a new stake in shares of HDFC Bank during the 4th quarter valued at about $42,000. JFS Wealth Advisors LLC lifted its position in HDFC Bank by 52.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock worth $65,000 after buying an additional 351 shares during the last quarter. Principal Securities Inc. lifted its position in HDFC Bank by 13.0% in the 4th quarter. Principal Securities Inc. now owns 2,305 shares of the bank's stock worth $147,000 after buying an additional 265 shares during the last quarter. PineStone Asset Management Inc. lifted its position in HDFC Bank by 9.8% in the 4th quarter. PineStone Asset Management Inc. now owns 3,243,349 shares of the bank's stock worth $207,120,000 after buying an additional 288,700 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its position in HDFC Bank by 451.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank's stock worth $1,245,000 after buying an additional 15,955 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Down 1.9 %

HDFC Bank stock traded down $1.14 during trading hours on Thursday, reaching $59.62. The company had a trading volume of 1,603,618 shares, compared to its average volume of 2,676,249. The firm has a market cap of $150.96 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.66 and a beta of 0.91. The company has a 50-day moving average price of $61.65 and a 200 day moving average price of $62.41. HDFC Bank Limited has a 12-month low of $53.00 and a 12-month high of $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly 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 return on equity of 12.19% and a net margin of 14.64%. Equities analysts forecast that HDFC Bank Limited will post 3.09 earnings per share for the current year.

Analyst Ratings Changes

HDB has been the subject of a number of recent research reports. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Finally, Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd.

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.