BIP Alliance LLC bought a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,444 shares of the bank's stock, valued at approximately $220,000.
Other hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in HDFC Bank during the fourth quarter valued at $29,000. Graney & King LLC purchased a new stake in shares of HDFC Bank during the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. lifted its holdings in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares during the last quarter. Sierra Ocean LLC bought a new stake in HDFC Bank in the fourth quarter worth approximately $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in HDFC Bank in the fourth quarter worth $56,000. 17.61% of the stock is owned by hedge funds and other institutional investors.
HDFC Bank Stock Performance
NYSE:HDB traded down $0.04 during midday trading on Wednesday, reaching $74.13. The stock had a trading volume of 1,060,761 shares, compared to its average volume of 2,822,624. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm's fifty day simple moving average is $69.91 and its 200-day simple moving average is $64.94. The stock has a market capitalization of $187.71 billion, a P/E ratio of 22.53, a PEG ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a 1-year low of $55.00 and a 1-year high of $75.37.
HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. On average, equities research analysts forecast that HDFC Bank Limited will post 3.03 EPS 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.
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HDFC Bank Company Profile
(
Free Report)
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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