Charles Lim Capital Ltd Reduces Stake in HDFC Bank Limited (NYSE:HDB)

Charles Lim Capital Ltd lowered its holdings in HDFC Bank Limited (NYSE:HDB) by 27.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,291,164 shares of the bank’s stock after selling 1,962,276 shares during the quarter. HDFC Bank makes up 28.9% of Charles Lim Capital Ltd’s portfolio, making the stock its 2nd biggest position. Charles Lim Capital Ltd owned 0.29% of HDFC Bank worth $264,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FIL Ltd lifted its holdings in HDFC Bank by 32.8% during the second quarter. FIL Ltd now owns 8,551,930 shares of the bank’s stock worth $388,770,000 after buying an additional 2,112,154 shares during the period. WCM Investment Management LLC raised its position in shares of HDFC Bank by 6.7% in the 2nd quarter. WCM Investment Management LLC now owns 24,406,042 shares of the bank’s stock worth $1,109,499,000 after acquiring an additional 1,534,761 shares in the last quarter. JPMorgan Chase & Co. boosted its position in HDFC Bank by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 36,723,696 shares of the bank’s stock valued at $1,797,995,000 after purchasing an additional 1,522,821 shares in the last quarter. Sarasin & Partners LLP purchased a new position in HDFC Bank in the third quarter valued at about $54,086,000. Finally, BlackRock Inc. raised its holdings in HDFC Bank by 123.7% in the third quarter. BlackRock Inc. now owns 1,681,205 shares of the bank’s stock worth $83,993,000 after purchasing an additional 929,580 shares in the last quarter. 17.65% of the stock is owned by hedge funds and other institutional investors.

Shares of HDB traded up $0.11 during trading hours on Monday, reaching $67.93. 11,309 shares of the company traded hands, compared to its average volume of 2,278,776. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $61.75 and a 200-day moving average price of $50.28. HDFC Bank Limited has a 12-month low of $29.50 and a 12-month high of $70.00. The stock has a market capitalization of $123.96 billion, a P/E ratio of 31.99, a P/E/G ratio of 1.49 and a beta of 0.79.

Several equities research analysts have weighed in on HDB shares. Zacks Investment Research downgraded shares of HDFC Bank from a “buy” rating to a “hold” rating in a research note on Thursday, October 22nd. TheStreet raised HDFC Bank from a “c+” rating to a “b-” rating in a research report on Thursday, October 1st.

HDFC Bank Company Profile

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, and Demat accounts; fixed and recurring deposits; and safe deposit lockers, and rural and pension accounts, as well as offshore accounts and deposits, overdrafts against fixed deposits and salaries, and sweep-in facilities.

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

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