D1 Capital Partners L.P. Sells 1,507,953 Shares of HDFC Bank Limited (NYSE:HDB)

D1 Capital Partners L.P. trimmed its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 43.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,924,045 shares of the bank's stock after selling 1,507,953 shares during the quarter. HDFC Bank accounts for 2.3% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 14th largest holding. D1 Capital Partners L.P. owned 0.08% of HDFC Bank worth $120,368,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Northwest & Ethical Investments L.P. boosted its stake in HDFC Bank by 42.2% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 34,100 shares of the bank's stock valued at $2,133,000 after purchasing an additional 10,127 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its position in shares of HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after buying an additional 254 shares during the last quarter. Financial Counselors Inc. bought a new stake in HDFC Bank during the third quarter worth $281,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in HDFC Bank by 2,092.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank's stock valued at $213,851,000 after buying an additional 3,262,442 shares during the last quarter. Finally, MayTech Global Investments LLC lifted its stake in HDFC Bank by 21.1% during the 3rd quarter. MayTech Global Investments LLC now owns 164,311 shares of the bank's stock valued at $10,279,000 after acquiring an additional 28,579 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

Shares of HDFC Bank stock traded down $0.74 during trading hours on Friday, hitting $66.76. 2,688,657 shares of the company's stock traded hands, compared to its average volume of 3,008,595. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The company has a fifty day simple moving average of $63.32 and a 200-day simple moving average of $61.45. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.76. The stock has a market capitalization of $169.06 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.79 and a beta of 0.91.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. Equities research analysts anticipate that HDFC Bank Limited will post 3.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday.

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.