Axiom Investors LLC DE Grows Stock Position in HDFC Bank Limited $HDB

Key Points

• Axiom Investors LLC DE increased its holdings in HDFC Bank by 304.2% in the first quarter, acquiring an additional 21,900 shares to raise its total to 29,100 shares valued at approximately $1.93 million.
• HDFC Bank's stock price has seen a decrease of 1.9%, with current figures showing a market cap of $188.68 billion and a price-to-earnings ratio of 22.69.
• Analysts have upgraded HDFC Bank's rating from "sell" to "hold", with one analyst rating it as a Strong Buy and another as a Buy, reflected in an average rating of "Strong Buy".

Axiom Investors LLC DE grew its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 304.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,100 shares of the bank's stock after buying an additional 21,900 shares during the period. Axiom Investors LLC DE's holdings in HDFC Bank were worth $1,933,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HDB. Bank Pictet & Cie Europe AG lifted its position in shares of HDFC Bank by 451.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank's stock valued at $1,245,000 after buying an additional 15,955 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of HDFC Bank by 4,495.7% during the 4th quarter. NewEdge Advisors LLC now owns 10,754 shares of the bank's stock valued at $687,000 after buying an additional 10,520 shares in the last quarter. First Trust Advisors LP lifted its position in shares of HDFC Bank by 111.7% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of HDFC Bank by 94.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,059,154 shares of the bank's stock valued at $67,638,000 after buying an additional 513,202 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in shares of HDFC Bank by 10.7% during the 4th quarter. MML Investors Services LLC now owns 51,238 shares of the bank's stock valued at $3,272,000 after buying an additional 4,972 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

HDFC Bank Stock Performance

Shares of HDB traded down $1.19 during mid-day trading on Thursday, hitting $71.10. 1,742,610 shares of the stock were exchanged, compared to its average volume of 2,528,441. The company has a market cap of $181.37 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.86 and a beta of 0.64. HDFC Bank Limited has a 52-week low of $57.78 and a 52-week high of $79.61. The firm has a 50-day moving average of $75.76 and a two-hundred day moving average of $70.64.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, July 19th. The bank reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The firm had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.03 billion. HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%. On average, sell-side analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

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.