Wilkinson Global Asset Management LLC Sells 13,315 Shares of HDFC Bank Limited (NYSE:HDB)

Wilkinson Global Asset Management LLC decreased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 445,899 shares of the bank's stock after selling 13,315 shares during the period. HDFC Bank makes up approximately 1.7% of Wilkinson Global Asset Management LLC's holdings, making the stock its 23rd biggest position. Wilkinson Global Asset Management LLC's holdings in HDFC Bank were worth $27,895,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital World Investors boosted its stake in shares of HDFC Bank by 208.6% during the 1st quarter. Capital World Investors now owns 4,124,751 shares of the bank's stock worth $230,862,000 after acquiring an additional 2,788,197 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of HDFC Bank during the second quarter worth approximately $166,709,000. PineStone Asset Management Inc. boosted its stake in shares of HDFC Bank by 115.1% during the 2nd quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank's stock valued at $287,488,000 after buying an additional 2,391,343 shares during the period. CCLA Investment Management increased its stake in shares of HDFC Bank by 100,691.5% in the first quarter. CCLA Investment Management now owns 1,748,733 shares of the bank's stock worth $97,534,000 after acquiring an additional 1,746,998 shares during the last quarter. Finally, Sustainable Growth Advisers LP raised its holdings in shares of HDFC Bank by 24.1% during the first quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank's stock worth $493,884,000 after acquiring an additional 1,711,784 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. downgraded HDFC Bank from an "overweight" rating to a "neutral" rating in a research note on Monday, July 22nd. StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a research report on Saturday, October 12th.

HDFC Bank Price Performance

HDB traded down $0.88 during trading on Thursday, hitting $63.58. The company's stock had a trading volume of 796,427 shares, compared to its average volume of 2,999,591. The firm's 50 day moving average price is $62.61 and its two-hundred day moving average price is $60.76. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $161.00 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44.

HDFC Bank Company 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.