Motley Fool Wealth Management LLC Sells 24,603 Shares of HDFC Bank Limited $HDB

Motley Fool Wealth Management LLC lessened its stake in HDFC Bank Limited (NYSE:HDBFree Report) by 16.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,697 shares of the bank’s stock after selling 24,603 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in HDFC Bank were worth $4,666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HDB. Larson Financial Group LLC boosted its holdings in shares of HDFC Bank by 90.4% in the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock valued at $29,000 after buying an additional 403 shares during the period. Accent Capital Management LLC boosted its holdings in shares of HDFC Bank by 100.0% in the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after buying an additional 459 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of HDFC Bank by 476.8% in the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after buying an additional 739 shares during the period. Pin Oak Investment Advisors Inc. boosted its holdings in shares of HDFC Bank by 100.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after buying an additional 498 shares during the period. Finally, Graney & King LLC boosted its holdings in shares of HDFC Bank by 100.0% in the third quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock valued at $41,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of HDFC Bank in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Get Our Latest Analysis on HDFC Bank

HDFC Bank Trading Up 1.1%

Shares of HDB opened at $23.26 on Wednesday. HDFC Bank Limited has a 12 month low of $22.91 and a 12 month high of $39.81. The firm has a fifty day simple moving average of $25.05 and a 200 day simple moving average of $30.15. The stock has a market capitalization of $118.63 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.07 and a beta of 0.65.

Insider Buying and Selling at HDFC Bank

In related news, insider N Srinivasan sold 10,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the completion of the transaction, the insider owned 638,422 shares in the company, valued at approximately $5,567,039.84. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ashish Parthasarthy sold 6,000 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total transaction of $53,640.00. Following the transaction, the insider owned 848,558 shares of the company’s stock, valued at $7,586,108.52. The trade was a 0.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 31,600 shares of company stock valued at $271,660 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

HDFC Bank Company Profile

(Free Report)

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).

Further Reading

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

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