NewEdge Advisors LLC Acquires 10,520 Shares of HDFC Bank Limited (NYSE:HDB)

NewEdge Advisors LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 4,495.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,754 shares of the bank’s stock after acquiring an additional 10,520 shares during the period. NewEdge Advisors LLC’s holdings in HDFC Bank were worth $687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HDB. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the 4th quarter worth approximately $29,000. Graney & King LLC bought a new stake in HDFC Bank in the fourth quarter worth $38,000. Brown Brothers Harriman & Co. lifted its position in HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after buying an additional 240 shares during the last quarter. Sierra Ocean LLC purchased a new position in HDFC Bank during the fourth quarter worth $42,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of HDFC Bank in the fourth quarter valued at $56,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.2 %

Shares of HDB opened at $72.17 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $182.76 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.12 and a beta of 0.68. The company has a 50-day moving average of $64.54 and a 200 day moving average of $63.46. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $75.37.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on HDB shares. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a research note on Thursday.

HDFC Bank 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.