BIP Alliance LLC Purchases Shares of 3,444 HDFC Bank Limited (NYSE:HDB)

BIP Alliance LLC purchased a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,444 shares of the bank's stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GTS Securities LLC purchased a new position in HDFC Bank during the 4th quarter worth $215,000. Vise Technologies Inc. boosted its holdings in HDFC Bank by 1,777.4% in the fourth quarter. Vise Technologies Inc. now owns 88,405 shares of the bank's stock worth $5,646,000 after acquiring an additional 83,696 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in shares of HDFC Bank during the fourth quarter worth about $269,000. Zurich Insurance Group Ltd FI grew its stake in shares of HDFC Bank by 15.0% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 157,592 shares of the bank's stock worth $10,064,000 after acquiring an additional 20,577 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of HDFC Bank by 47.4% during the fourth quarter. Vident Advisory LLC now owns 52,490 shares of the bank's stock valued at $3,352,000 after acquiring an additional 16,889 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on HDB shares. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

HDFC Bank Stock Performance

Shares of HDB opened at $72.68 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a 50-day moving average of $69.25 and a two-hundred day moving average of $64.73. The stock has a market cap of $184.05 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a one year low of $55.00 and a one year high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, research 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.

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