Park Avenue Securities LLC Has $1.44 Million Stake in HDFC Bank Limited (NYSE:HDB)

Park Avenue Securities LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 39.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,584 shares of the bank's stock after purchasing an additional 6,430 shares during the quarter. Park Avenue Securities LLC's holdings in HDFC Bank were worth $1,442,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Pin Oak Investment Advisors Inc. lifted its holdings in shares of HDFC Bank by 104.1% in the third 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 in the last quarter. Northwest Investment Counselors LLC acquired a new position in HDFC Bank during the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC boosted its position in HDFC Bank by 70.2% during the 3rd 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 last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of HDFC Bank during the 3rd quarter worth approximately $65,000. Finally, GAMMA Investing LLC raised its holdings in shares of HDFC Bank by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank's stock valued at $76,000 after purchasing an additional 312 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th.

HDFC Bank Stock Down 0.4 %

Shares of NYSE HDB traded down $0.25 during mid-day trading on Monday, hitting $58.39. The company had a trading volume of 1,797,510 shares, compared to its average volume of 2,000,910. HDFC Bank Limited has a one year low of $52.16 and a one year high of $68.50. The company has a market capitalization of $147.87 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The firm has a 50-day simple moving average of $64.02 and a two-hundred day simple moving average of $62.51.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, equities analysts expect that HDFC Bank Limited will post 3.13 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.