D. E. Shaw & Co. Inc. Sells 223,390 Shares of HDFC Bank Limited (NYSE:HDB)

D. E. Shaw & Co. Inc. cut its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 59.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,903 shares of the bank's stock after selling 223,390 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in HDFC Bank were worth $9,892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp raised its position in shares of HDFC Bank by 52.0% during the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock worth $64,855,000 after buying an additional 347,488 shares in the last quarter. US Bancorp DE increased its stake in HDFC Bank by 12.7% in the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank's stock valued at $10,068,000 after buying an additional 17,800 shares during the period. Tudor Investment Corp ET AL acquired a new position in HDFC Bank in the 4th quarter valued at approximately $580,000. Trinity Street Asset Management LLP increased its stake in HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock valued at $234,641,000 after buying an additional 252,600 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in HDFC Bank in the fourth quarter worth approximately $2,907,000. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

HDB stock traded down $0.38 during trading hours on Friday, reaching $72.95. The stock had a trading volume of 1,493,446 shares, compared to its average volume of 2,826,670. The stock has a 50-day simple moving average of $68.26 and a 200 day simple moving average of $64.46. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $184.74 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a fifty-two week low of $55.00 and a fifty-two week high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. Analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd.

About HDFC Bank

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.