Baillie Gifford & Co. Reduces Holdings in HDFC Bank Limited $HDB

Key Points

• Baillie Gifford cut its HDFC Bank stake by 15.6% in Q4, selling 1,059,999 shares and now holds 5,746,819 shares worth about $209.99 million (≈0.11% of the company).
• Street sentiment is tilted negative — HDFC Bank has a MarketBeat consensus rating of "Reduce" with one Hold and one Sell; Weiss Ratings recently downgraded to Sell while Wall Street Zen moved from Sell to Hold.
• Insider and institutional activity: insider N. Srinivasan sold 10,000 shares (~$82,100), insiders own 1.0% and institutional investors own 17.61%; the stock trades around $26.74 with a 1‑year range of $23.91–$39.81 and a PE of 16.06.

Baillie Gifford & Co. trimmed its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,746,819 shares of the bank's stock after selling 1,059,999 shares during the quarter. Baillie Gifford & Co. owned 0.11% of HDFC Bank worth $209,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of HDB. Central Pacific Bank Trust Division boosted its stake in shares of HDFC Bank by 100.0% during the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank's stock valued at $26,000 after purchasing an additional 379 shares during the period. Larson Financial Group LLC boosted its stake in shares of HDFC Bank by 90.4% during the third quarter. Larson Financial Group LLC now owns 849 shares of the bank's stock valued at $29,000 after purchasing an additional 403 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of HDFC Bank by 54.5% during the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank's stock valued at $31,000 after purchasing an additional 322 shares during the period. Accent Capital Management LLC boosted its stake in shares of HDFC Bank by 100.0% during the third quarter. Accent Capital Management LLC now owns 918 shares of the bank's stock valued at $31,000 after purchasing an additional 459 shares during the period. Finally, Clearstead Advisors LLC boosted its stake in shares of HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank's stock valued at $31,000 after purchasing an additional 739 shares during the period. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Price Performance

NYSE:HDB opened at $26.74 on Monday. HDFC Bank Limited has a 1-year low of $23.91 and a 1-year high of $39.81. The company has a 50-day moving average of $29.51 and a 200 day moving average of $33.21. The firm has a market cap of $136.39 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.01 and a beta of 0.67.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HDB. Weiss Ratings lowered shares of HDFC Bank from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 6th. Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce".

Insiders Place Their Bets

In related news, insider N Srinivasan sold 10,000 shares of the company's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $8.21, for a total value of $82,100.00. Following the completion of the sale, the insider directly owned 648,422 shares of the company's stock, valued at $5,323,544.62. This represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

HDFC Bank Company Profile

HDFC Bank Limited is one of India's leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank's core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).

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