OLD Mission Capital LLC Reduces Position in HDFC Bank Limited (NYSE:HDB)

OLD Mission Capital LLC lowered its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 76.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 43,280 shares of the bank's stock after selling 140,896 shares during the period. OLD Mission Capital LLC's holdings in HDFC Bank were worth $2,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HDB. National Bank of Canada FI lifted its holdings in HDFC Bank by 3,535.1% in the fourth quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock valued at $122,718,000 after acquiring an additional 1,868,804 shares during the period. Franklin Resources Inc. lifted its stake in shares of HDFC Bank by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank's stock valued at $441,772,000 after purchasing an additional 113,988 shares during the period. B. Metzler seel. Sohn & Co. AG boosted its holdings in HDFC Bank by 0.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 245,653 shares of the bank's stock worth $15,694,000 after buying an additional 1,881 shares in the last quarter. Alliancebernstein L.P. grew its position in HDFC Bank by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 133,627 shares of the bank's stock valued at $8,533,000 after buying an additional 8,663 shares during the period. Finally, Axiom Investors LLC DE purchased a new position in HDFC Bank in the fourth quarter valued at $460,000. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

HDB traded down $1.84 during midday trading on Friday, hitting $65.12. 8,211,680 shares of the company traded hands, compared to its average volume of 2,735,820. The business has a 50 day simple moving average of $61.70 and a two-hundred day simple moving average of $62.78. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $68.50. The company has a market capitalization of $164.90 billion, a price-to-earnings ratio of 19.79, a PEG 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 (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share 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, equities analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented 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 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.