Fisher Asset Management LLC Sells 44,727 Shares of HDFC Bank Limited (NYSE:HDB)

Fisher Asset Management LLC lowered its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,911,255 shares of the bank's stock after selling 44,727 shares during the period. Fisher Asset Management LLC owned 0.15% of HDFC Bank worth $249,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new stake in HDFC Bank during the fourth quarter worth $29,000. Pin Oak Investment Advisors Inc. raised its position in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after acquiring an additional 254 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after purchasing an additional 275 shares during the period. Sierra Ocean LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at about $42,000. Finally, Kestra Investment Management LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at about $60,000. Institutional investors own 17.61% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Performance

HDFC Bank stock traded up $1.24 during trading hours on Friday, hitting $61.63. The company had a trading volume of 2,054,393 shares, compared to its average volume of 2,614,195. The firm has a market cap of $156.07 billion, a PE ratio of 18.73, a PEG ratio of 2.12 and a beta of 0.91. 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 Limited has a one year low of $53.19 and a one year high of $68.50. The firm has a 50-day moving average of $60.89 and a 200 day moving average of $62.44.

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