HDFC Bank Limited (NYSE:HDB) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 38.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,865 shares of the bank's stock after purchasing an additional 38,571 shares during the period. US Bancorp DE's holdings in HDFC Bank were worth $8,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in shares of HDFC Bank during the 2nd quarter worth $36,000. Northwest Investment Counselors LLC acquired a new position in shares of HDFC Bank in the 3rd quarter valued at $38,000. JFS Wealth Advisors LLC raised its position in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after acquiring an additional 275 shares during the period. LRI Investments LLC purchased a new position in HDFC Bank during the first quarter worth approximately $56,000. Finally, GAMMA Investing LLC lifted its position in shares of HDFC Bank by 56.0% during the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock valued at $58,000 after buying an additional 324 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Trading Down 1.1 %

HDFC Bank stock traded down $0.69 during trading on Monday, hitting $62.51. The company had a trading volume of 1,565,683 shares, compared to its average volume of 3,022,110. The stock has a market cap of $158.29 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The company's 50 day simple moving average is $62.46 and its 200-day simple moving average is $60.66.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of HDFC Bank from an "overweight" rating to a "neutral" rating in a research note on Monday, July 22nd. StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research note on Saturday, October 12th.

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.