3,879 Shares in HDFC Bank Limited (NYSE:HDB) Bought by Xponance Inc.

Xponance Inc. acquired a new position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,879 shares of the bank's stock, valued at approximately $258,000.

Other hedge funds also recently added to or reduced their stakes in the company. FIL Ltd grew its holdings in HDFC Bank by 17.5% during the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after acquiring an additional 2,599,337 shares during the period. Temasek Holdings Private Ltd lifted its position in shares of HDFC Bank by 2.3% in the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank's stock valued at $546,500,000 after acquiring an additional 190,566 shares in the last quarter. GQG Partners LLC lifted its position in shares of HDFC Bank by 74.4% in the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after acquiring an additional 3,364,114 shares in the last quarter. FMR LLC lifted its position in shares of HDFC Bank by 13.3% in the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank's stock valued at $497,668,000 after acquiring an additional 914,289 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in HDFC Bank by 43.0% during the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock worth $466,629,000 after buying an additional 2,196,315 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Trading Down 1.1%

NYSE:HDB opened at $75.30 on Friday. HDFC Bank Limited has a 1 year low of $57.24 and a 1 year high of $78.14. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.07. The stock has a market cap of $190.68 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.86 and a beta of 0.64. The stock has a 50-day simple moving average of $75.04 and a 200-day simple moving average of $67.70.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. As a group, analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

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.

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