Marietta Investment Partners LLC Sells 11,125 Shares of HDFC Bank Limited (NYSE:HDB)

Marietta Investment Partners LLC reduced its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 10.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 92,405 shares of the bank's stock after selling 11,125 shares during the period. HDFC Bank comprises approximately 1.3% of Marietta Investment Partners LLC's portfolio, making the stock its 24th biggest position. Marietta Investment Partners LLC's holdings in HDFC Bank were worth $5,901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HDFC Bank by 2,092.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank's stock worth $213,851,000 after buying an additional 3,262,442 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of HDFC Bank by 172.6% during 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 last quarter. Egerton Capital UK LLP bought a new stake in HDFC Bank in the 4th quarter worth approximately $72,833,000. FMR LLC boosted its holdings in HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank's stock valued at $430,339,000 after acquiring an additional 1,114,210 shares during the period. Finally, DJE Kapital AG bought a new position in shares of HDFC Bank in the fourth quarter worth approximately $54,055,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HDB shares. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Finally, Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of HDB traded up $0.01 during mid-day trading on Wednesday, reaching $65.90. The stock had a trading volume of 3,143,210 shares, compared to its average volume of 2,537,320. 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 business has a fifty day moving average of $60.69 and a 200 day moving average of $62.59. The firm has a market cap of $166.89 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50.

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

HDFC Bank 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.