Sei Investments Co. Buys 286,178 Shares of HDFC Bank Limited (NYSE:HDB)

Sei Investments Co. grew its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,964,790 shares of the bank's stock after buying an additional 286,178 shares during the quarter. Sei Investments Co. owned approximately 0.08% of HDFC Bank worth $125,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in HDB. Whipplewood Advisors LLC bought a new position in HDFC Bank during the fourth quarter valued at approximately $29,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of HDFC Bank by 104.1% during 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 in the last quarter. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank in the 4th quarter valued at $42,000. Kestra Investment Management LLC acquired a new stake in shares of HDFC Bank in the 4th quarter valued at $60,000. Finally, JFS Wealth Advisors LLC boosted its holdings in HDFC Bank by 52.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock worth $65,000 after purchasing an additional 351 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

HDB has been the topic of several recent research reports. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th.

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HDFC Bank Stock Performance

HDB stock traded up $0.82 during mid-day trading on Thursday, reaching $66.72. 5,053,736 shares of the stock traded hands, compared to its average volume of 2,548,465. The firm has a market capitalization of $168.94 billion, a PE ratio of 20.28, a P/E/G ratio of 2.12 and a beta of 0.92. The business has a 50-day moving average of $60.69 and a two-hundred day moving average of $62.59. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $68.50. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last announced 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 return on equity of 12.19% and a net margin of 14.64%. As a group, equities analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.