HDFC Bank Limited (NYSE:HDB) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 40.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,140 shares of the bank's stock after selling 6,201 shares during the quarter. Blair William & Co. IL's holdings in HDFC Bank were worth $584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new position in HDFC Bank during the 4th quarter valued at about $29,000. Graney & King LLC purchased a new stake in shares of HDFC Bank in the fourth quarter worth approximately $38,000. Sierra Ocean LLC bought a new stake in shares of HDFC Bank during the 4th quarter worth approximately $42,000. Kestra Investment Management LLC bought a new position in HDFC Bank in the 4th quarter valued at $60,000. Finally, JFS Wealth Advisors LLC increased its stake in HDFC Bank by 52.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock worth $65,000 after purchasing an additional 351 shares during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HDB has been the subject of a number of research analyst reports. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Down 0.3 %

Shares of NYSE:HDB traded down $0.19 on Tuesday, reaching $63.59. The company had a trading volume of 4,153,060 shares, compared to its average volume of 2,750,026. 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 firm has a market capitalization of $161.03 billion, a PE ratio of 19.33, a PEG ratio of 2.12 and a beta of 0.68. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $68.50. The firm's 50 day simple moving average is $61.95 and its 200-day simple moving average is $62.76.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts' consensus estimates 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 expect that HDFC Bank Limited will post 3.03 earnings per share 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.