Y Intercept Hong Kong Ltd lowered its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 44.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,156 shares of the bank's stock after selling 22,017 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in HDFC Bank were worth $1,699,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Glenmede Trust Co. NA lifted its holdings in shares of HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after buying an additional 167 shares in the last quarter. Commerce Bank raised its holdings in shares of HDFC Bank by 7.0% in the third quarter. Commerce Bank now owns 3,427 shares of the bank's stock worth $214,000 after buying an additional 225 shares during the period. UMB Bank n.a. lifted its position in shares of HDFC Bank by 5.4% during the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock worth $311,000 after purchasing an additional 248 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings 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 buying an additional 254 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its holdings in shares of HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock valued at $399,000 after purchasing an additional 257 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th.
Get Our Latest Stock Report on HDB
HDFC Bank Stock Performance
Shares of HDFC Bank stock traded down $0.27 during trading on Wednesday, hitting $67.42. 2,113,975 shares of the company's stock were exchanged, compared to its average volume of 3,005,779. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50. 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 market capitalization of $170.72 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.79 and a beta of 0.92. The business has a 50-day simple moving average of $63.70 and a 200-day simple moving average of $62.14.
HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. On average, research analysts forecast that HDFC Bank Limited will post 3.15 EPS for the current year.
HDFC Bank Profile
(
Free Report)
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.
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