Rakuten Securities Inc. Has $60,000 Holdings in HDFC Bank Limited (NYSE:HDB)

Rakuten Securities Inc. grew its holdings in HDFC Bank Limited (NYSE:HDB) by 233.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 899 shares of the bank’s stock after purchasing an additional 629 shares during the period. Rakuten Securities Inc.’s holdings in HDFC Bank were worth $60,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. FIL Ltd increased its stake in shares of HDFC Bank by 17.5% during the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock worth $1,115,451,000 after purchasing an additional 2,599,337 shares during the last quarter. Temasek Holdings Private Ltd grew its stake in shares of HDFC Bank by 2.3% in the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank’s stock worth $546,500,000 after acquiring an additional 190,566 shares during the last quarter. GQG Partners LLC grew its position in HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock worth $503,431,000 after purchasing an additional 3,364,114 shares during the last quarter. FMR LLC increased its stake in HDFC Bank by 13.3% during the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank’s stock valued at $497,668,000 after acquiring an additional 914,289 shares during the period. Finally, Royal Bank of Canada increased its position in shares of HDFC Bank by 43.0% during the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank’s stock valued at $466,629,000 after purchasing an additional 2,196,315 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Down 1.2%

Shares of NYSE:HDB opened at $73.95 on Wednesday. HDFC Bank Limited has a 52 week low of $57.24 and a 52 week high of $77.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.07. The company has a market capitalization of $187.25 billion, a PE ratio of 22.41, a PEG ratio of 1.77 and a beta of 0.64. The company has a 50 day moving average price of $72.88 and a two-hundred day moving average price of $66.10.

HDFC Bank (NYSE:HDB) last released its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. Analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th.

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.