Massachusetts Financial Services Co. MA Sells 138,416 Shares of HDFC Bank Limited (NYSE:HDB)

Massachusetts Financial Services Co. MA reduced its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,704,454 shares of the bank's stock after selling 138,416 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.19% of HDFC Bank worth $300,426,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. GQG Partners LLC increased its holdings in HDFC Bank by 74.4% during the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock worth $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. Schroder Investment Management Group raised its position in shares of HDFC Bank by 82.1% in the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock valued at $447,584,000 after purchasing an additional 3,160,533 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in HDFC Bank by 172.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock valued at $215,909,000 after purchasing an additional 2,140,591 shares during the period. National Bank of Canada FI increased its position in HDFC Bank by 3,535.1% during the fourth quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock worth $122,718,000 after acquiring an additional 1,868,804 shares during the period. Finally, Egerton Capital UK LLP bought a new position in shares of HDFC Bank during the fourth quarter worth approximately $72,833,000. Institutional investors own 17.61% of the company's stock.

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HDFC Bank Stock Down 2.7 %

NYSE HDB traded down $1.76 during trading hours on Monday, hitting $63.14. The company's stock had a trading volume of 2,438,631 shares, compared to its average volume of 2,735,119. The company has a market capitalization of $159.90 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $68.50. The company's 50-day simple moving average is $61.70 and its two-hundred day simple moving average is $62.78.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HDB shares. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-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.