William Blair Investment Management LLC Has $158.93 Million Holdings in HDFC Bank Limited (NYSE:HDB)

William Blair Investment Management LLC decreased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,489,151 shares of the bank's stock after selling 177,969 shares during the quarter. William Blair Investment Management LLC owned approximately 0.10% of HDFC Bank worth $158,933,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HDB. Whipplewood Advisors LLC acquired a new position in shares of HDFC Bank during the fourth quarter valued at $29,000. Pin Oak Investment Advisors Inc. lifted its position in 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 during the period. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the 4th quarter valued at about $42,000. Kestra Investment Management LLC acquired a new stake in shares of HDFC Bank during the 4th quarter worth approximately $60,000. Finally, JFS Wealth Advisors LLC raised its stake in shares of HDFC Bank by 52.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank's stock worth $65,000 after buying an additional 351 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on HDB. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Finally, Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.

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HDFC Bank Trading Up 1.3 %

NYSE HDB traded up $0.82 during trading on Friday, reaching $64.54. 3,564,410 shares of the stock traded hands, compared to its average volume of 2,519,090. The stock's 50-day moving average price is $60.14 and its 200 day moving average price is $62.45. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market cap of $163.42 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a fifty-two week low of $54.07 and a fifty-two week high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

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.