May Hill Capital LLC boosted its position in shares of HDFC Bank Limited (NYSE:HDB – Free Report) by 129.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,880 shares of the bank’s stock after purchasing an additional 25,887 shares during the period. May Hill Capital LLC’s holdings in HDFC Bank were worth $1,676,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in HDB. PineStone Asset Management Inc. boosted its stake in shares of HDFC Bank by 1.9% during the 4th quarter. PineStone Asset Management Inc. now owns 8,315,726 shares of the bank’s stock worth $303,857,000 after buying an additional 151,992 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its stake in shares of HDFC Bank by 100.6% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 1,506,200 shares of the bank’s stock worth $51,452,000 after buying an additional 755,200 shares during the last quarter. Jacobson & Schmitt Advisors LLC boosted its stake in shares of HDFC Bank by 97.7% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 383,137 shares of the bank’s stock worth $13,088,000 after buying an additional 189,303 shares during the last quarter. ABN Amro Investment Solutions boosted its stake in shares of HDFC Bank by 100.0% during the 3rd quarter. ABN Amro Investment Solutions now owns 209,050 shares of the bank’s stock worth $7,141,000 after buying an additional 104,525 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of HDFC Bank by 788.3% during the 4th quarter. M&T Bank Corp now owns 115,126 shares of the bank’s stock worth $4,206,000 after buying an additional 102,166 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.
HDFC Bank Stock Down 1.7%
Shares of HDB stock opened at $24.41 on Friday. The firm has a 50 day moving average price of $26.21 and a two-hundred day moving average price of $31.68. The company has a market capitalization of $124.54 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.13 and a beta of 0.68. HDFC Bank Limited has a 12-month low of $23.75 and a 12-month high of $39.81.
Analyst Ratings Changes
View Our Latest Stock Analysis on HDFC Bank
Insider Activity at HDFC Bank
In other HDFC Bank news, insider Ashish Parthasarthy sold 5,600 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total transaction of $48,720.00. Following the completion of the sale, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $8.72, for a total transaction of $87,200.00. Following the sale, the insider owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This trade represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,600 shares of company stock valued at $271,660 over the last 90 days. Company insiders own 1.00% of the company’s stock.
About HDFC Bank
HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.
The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).
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