ANTIPODES PARTNERS Ltd Makes New $3.48 Million Investment in HDFC Bank Limited (NYSE:HDB)

ANTIPODES PARTNERS Ltd purchased a new position in HDFC Bank Limited (NYSE:HDB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52,397 shares of the bank's stock, valued at approximately $3,482,000.

Other large investors have also bought and sold shares of the company. Northern Trust Corp increased its stake in HDFC Bank by 52.0% in the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock worth $64,855,000 after purchasing an additional 347,488 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of HDFC Bank during the fourth quarter valued at approximately $580,000. Ovata Capital Management Ltd increased its stake in shares of HDFC Bank by 89.7% during the fourth quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank's stock valued at $43,863,000 after buying an additional 326,400 shares during the period. ARGA Investment Management LP increased its stake in shares of HDFC Bank by 7.2% during the first quarter. ARGA Investment Management LP now owns 1,553,975 shares of the bank's stock valued at $103,246,000 after buying an additional 104,162 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of HDFC Bank by 111.7% during the fourth quarter. First Trust Advisors LP now owns 39,109 shares of the bank's stock valued at $2,498,000 after buying an additional 20,633 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Down 0.2%

Shares of HDB traded down $0.14 during mid-day trading on Friday, hitting $77.86. 1,340,327 shares of the company's stock traded hands, compared to its average volume of 1,823,866. HDFC Bank Limited has a 1 year low of $57.24 and a 1 year high of $79.61. The firm has a market capitalization of $197.18 billion, a P/E ratio of 23.88, a PEG ratio of 1.94 and a beta of 0.64. The business's 50-day moving average price is $75.62 and its 200-day moving average price is $68.21.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, July 19th. The bank reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.03 billion. Sell-side 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.

HDFC Bank Company 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.