Mawer Investment Management Ltd. Sells 67,974 Shares of HDFC Bank Limited (NYSE:HDB)

Mawer Investment Management Ltd. trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,491,346 shares of the bank's stock after selling 67,974 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.06% of HDFC Bank worth $93,299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HDB. Ridgewood Investments LLC bought a new position in shares of HDFC Bank during the 2nd quarter valued at approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in shares of HDFC Bank in the third quarter worth $38,000. JFS Wealth Advisors LLC raised its position in shares of HDFC Bank by 70.2% during 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 period. GAMMA Investing LLC boosted its holdings in HDFC Bank by 56.0% in the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after buying an additional 324 shares during the period. Finally, LRI Investments LLC purchased a new stake in HDFC Bank in the 1st quarter worth $56,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

HDB stock traded up $0.42 during mid-day trading on Monday, hitting $62.32. The company had a trading volume of 3,793,207 shares, compared to its average volume of 2,982,729. The company has a market capitalization of $157.81 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.62 and a beta of 0.91. The company has a 50-day moving average price of $62.86 and a 200 day moving average price of $61.00. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.44.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, research analysts anticipate that HDFC Bank Limited will post 3.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered HDFC Bank from an "overweight" rating to a "neutral" rating in a research note on Monday, July 22nd. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Friday, November 8th.

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.