Y Intercept Hong Kong Ltd raised its stake in HDFC Bank Limited (NYSE:HDB – Free Report) by 740.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 280,763 shares of the bank’s stock after purchasing an additional 247,359 shares during the period. Y Intercept Hong Kong Ltd’s holdings in HDFC Bank were worth $6,985,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of HDFC Bank by 8.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock valued at $776,000 after buying an additional 922 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in HDFC Bank by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock worth $58,723,000 after acquiring an additional 13,435 shares in the last quarter. Sivia Capital Partners LLC raised its stake in HDFC Bank by 24.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock worth $601,000 after acquiring an additional 1,541 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in HDFC Bank by 464.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,484 shares of the bank’s stock valued at $114,000 after acquiring an additional 1,221 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in HDFC Bank by 29.3% in the second quarter. First Trust Advisors LP now owns 51,551 shares of the bank’s stock valued at $3,952,000 after acquiring an additional 11,689 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.
HDFC Bank Trading Down 0.1%
HDB stock opened at $25.75 on Friday. The company has a market capitalization of $131.39 billion, a P/E ratio of 15.42, a PEG ratio of 1.19 and a beta of 0.64. The business has a 50 day simple moving average of $24.70 and a 200-day simple moving average of $28.82. HDFC Bank Limited has a twelve month low of $22.91 and a twelve month high of $39.81.
Insider Buying and Selling at HDFC Bank
Analyst Ratings Changes
HDB has been the topic of several research reports. Zacks Research lowered HDFC Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, June 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of HDFC Bank in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.
View Our Latest Analysis on HDB
HDFC Bank Company Profile
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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