104,329 Shares in HDFC Bank Limited (NYSE:HDB) Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 104,329 shares of the bank's stock, valued at approximately $6,662,000.

A number of other hedge funds have also modified their holdings of the business. Whipplewood Advisors LLC acquired a new position in shares of HDFC Bank during the 4th quarter valued at about $29,000. Graney & King LLC purchased a new stake in shares of HDFC Bank during the fourth quarter worth $38,000. Brown Brothers Harriman & Co. grew its position in shares of HDFC Bank by 63.7% during 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 in the last quarter. Sierra Ocean LLC purchased a new stake in shares of HDFC Bank in the 4th quarter valued at approximately $42,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in HDFC Bank during the 4th quarter worth about $56,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on HDB shares. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

HDFC Bank Trading Up 2.1 %

Shares of HDB traded up $1.50 during mid-day trading on Friday, hitting $73.78. The company had a trading volume of 849,255 shares, compared to its average volume of 2,817,195. The stock has a market cap of $186.84 billion, a PE ratio of 22.41, a P/E/G ratio of 2.12 and a beta of 0.68. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The business's 50-day simple moving average is $65.54 and its 200-day simple moving average is $63.75. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. Sell-side analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.