239,600 Shares in HDFC Bank Limited (NYSE:HDB) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 239,600 shares of the bank's stock, valued at approximately $15,301,000.

Several other hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC acquired a new stake in HDFC Bank during the 4th quarter worth approximately $29,000. Pin Oak Investment Advisors Inc. increased its position in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after buying an additional 254 shares during the period. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth $42,000. Kestra Investment Management LLC bought a new stake in shares of HDFC Bank in the fourth quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of HDFC Bank in the third quarter valued at about $65,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of HDB stock traded down $0.71 on Friday, hitting $66.15. 2,139,832 shares of the company's stock were exchanged, compared to its average volume of 2,723,500. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The company has a 50 day moving average of $61.01 and a 200 day moving average of $62.65. The stock has a market cap of $167.50 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

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HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping 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 research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.