Temasek Holdings Private Ltd Increases Stake in HDFC Bank Limited (NYSE:HDB)

Temasek Holdings Private Ltd increased its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,367,222 shares of the bank's stock after acquiring an additional 132,445 shares during the quarter. HDFC Bank comprises 2.1% of Temasek Holdings Private Ltd's investment portfolio, making the stock its 15th biggest position. Temasek Holdings Private Ltd owned about 0.33% of HDFC Bank worth $523,453,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HDB. Pin Oak Investment Advisors Inc. increased its position in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after purchasing an additional 254 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of HDFC Bank during the 2nd quarter worth approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in shares of HDFC Bank during the 3rd quarter valued at approximately $38,000. JFS Wealth Advisors LLC lifted its holdings in HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after acquiring an additional 275 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after acquiring an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Down 0.9 %

Shares of HDB traded down $0.61 during midday trading on Friday, hitting $67.10. 1,000,470 shares of the stock were exchanged, compared to its average volume of 3,014,326. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.41. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a fifty day simple moving average of $63.43 and a 200 day simple moving average of $61.83. The firm has a market cap of $169.92 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.77 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. The company had revenue of $9.21 billion during the quarter, compared to analysts' expectations 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 3.15 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.