Keystone Investors PTE Ltd. Sells 218,379 Shares of HDFC Bank Limited (NYSE:HDB)

Keystone Investors PTE Ltd. reduced its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 507,685 shares of the bank's stock after selling 218,379 shares during the quarter. HDFC Bank comprises 2.3% of Keystone Investors PTE Ltd.'s portfolio, making the stock its 16th largest holding. Keystone Investors PTE Ltd.'s holdings in HDFC Bank were worth $32,421,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. US Bancorp DE grew its position in HDFC Bank by 12.7% in the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank's stock worth $10,068,000 after buying an additional 17,800 shares during the last quarter. Trinity Street Asset Management LLP grew its holdings in shares of HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock worth $234,641,000 after acquiring an additional 252,600 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of HDFC Bank during the fourth quarter worth $2,907,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank's stock valued at $19,830,000 after purchasing an additional 119,050 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its position in shares of HDFC Bank by 34.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 137,015 shares of the bank's stock valued at $8,572,000 after purchasing an additional 35,291 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

HDFC Bank Stock Down 1.1 %

NYSE:HDB traded down $0.71 during trading hours on Friday, hitting $66.15. 2,139,832 shares of the company's stock traded hands, compared to its average volume of 2,723,500. HDFC Bank Limited has a twelve month low of $54.99 and a twelve month high of $68.50. The firm has a market cap of $167.50 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock's fifty day moving average price is $61.01 and its two-hundred day moving average price is $62.66.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating 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%. On average, research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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.