HDFC Bank Limited (NYSE:HDB) Stock Holdings Increased by Matthews International Capital Management LLC

Matthews International Capital Management LLC increased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 138,572 shares of the bank's stock after acquiring an additional 15,750 shares during the quarter. HDFC Bank makes up approximately 1.8% of Matthews International Capital Management LLC's holdings, making the stock its 14th biggest holding. Matthews International Capital Management LLC's holdings in HDFC Bank were worth $8,849,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its position in HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after acquiring an additional 167 shares during the last quarter. Commerce Bank boosted its holdings in shares of HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock valued at $214,000 after purchasing an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after purchasing an additional 254 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock valued at $399,000 after purchasing an additional 257 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Stock Up 2.8 %

HDFC Bank stock traded up $1.65 during midday trading on Tuesday, hitting $60.37. 2,407,609 shares of the stock were exchanged, compared to its average volume of 3,135,815. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The firm has a market cap of $152.87 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.73 and a beta of 0.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The company has a 50 day moving average price of $63.62 and a two-hundred day moving average price of $62.38.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data 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 11.78%. On average, sell-side analysts predict that HDFC Bank Limited will post 3.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "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 report on Wednesday, November 27th.

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.