Aubrey Capital Management Ltd Increases Holdings in HDFC Bank Limited (NYSE:HDB)

Aubrey Capital Management Ltd grew its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 22.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,484 shares of the bank's stock after buying an additional 3,574 shares during the period. Aubrey Capital Management Ltd's holdings in HDFC Bank were worth $1,291,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank in the 4th quarter worth $29,000. Graney & King LLC bought a new position in shares of HDFC Bank in the 4th quarter worth $38,000. Brown Brothers Harriman & Co. lifted its holdings in shares of HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the 4th quarter worth $42,000. Finally, NBC Securities Inc. bought a new position in shares of HDFC Bank in the 1st quarter worth $55,000. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

HDFC Bank Stock Down 2.7%

NYSE:HDB traded down $2.06 during trading hours on Friday, hitting $73.82. 2,957,207 shares of the company traded hands, compared to its average volume of 2,791,121. 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 firm's 50-day simple moving average is $72.50 and its 200-day simple moving average is $65.99. HDFC Bank Limited has a one year low of $57.24 and a one year high of $77.76. The company has a market cap of $186.92 billion, a PE ratio of 22.44, a PEG ratio of 2.12 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last issued 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 business had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. Equities analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.