HBK Investments L P Boosts Stake in HDFC Bank Limited (HDB)

HBK Investments L P lifted its stake in HDFC Bank Limited (NYSE:HDB) by 240.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,595 shares of the bank’s stock after acquiring an additional 13,834 shares during the quarter. HBK Investments L P’s holdings in HDFC Bank were worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. M&T Bank Corp increased its stake in shares of HDFC Bank by 0.4% in the fourth quarter. M&T Bank Corp now owns 117,215 shares of the bank’s stock worth $11,916,000 after acquiring an additional 507 shares during the last quarter. ETRADE Capital Management LLC increased its stake in shares of HDFC Bank by 18.1% in the fourth quarter. ETRADE Capital Management LLC now owns 3,335 shares of the bank’s stock worth $339,000 after acquiring an additional 510 shares during the last quarter. Bamco Inc. NY increased its stake in shares of HDFC Bank by 13.9% in the third quarter. Bamco Inc. NY now owns 4,883 shares of the bank’s stock worth $471,000 after acquiring an additional 595 shares during the last quarter. BB&T Securities LLC increased its stake in shares of HDFC Bank by 3.3% in the third quarter. BB&T Securities LLC now owns 21,662 shares of the bank’s stock worth $2,087,000 after acquiring an additional 687 shares during the last quarter. Finally, FDx Advisors Inc. increased its stake in shares of HDFC Bank by 3.4% in the fourth quarter. FDx Advisors Inc. now owns 25,564 shares of the bank’s stock worth $2,599,000 after acquiring an additional 835 shares during the last quarter. 17.25% of the stock is currently owned by institutional investors and hedge funds.

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HDFC Bank Limited (HDB) opened at $97.65 on Tuesday. The company has a market cap of $84,376.08, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. HDFC Bank Limited has a 1 year low of $72.02 and a 1 year high of $110.77.

Separately, Zacks Investment Research raised shares of HDFC Bank from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Monday, January 1st.

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HDFC Bank Profile

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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