HDFC Bank Limited (NYSE:HDB) Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. decreased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 31.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 234,844 shares of the bank's stock after selling 106,581 shares during the quarter. Burgundy Asset Management Ltd.'s holdings in HDFC Bank were worth $14,997,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HDB. Whipplewood Advisors LLC purchased a new stake in shares of HDFC Bank in the fourth quarter worth about $29,000. Graney & King LLC purchased a new stake in HDFC Bank in the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. increased its stake in HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after purchasing an additional 240 shares during the period. Sierra Ocean LLC bought a new position in shares of HDFC Bank in the fourth quarter worth about $42,000. Finally, Atlas Capital Advisors Inc. bought a new position in HDFC Bank in the fourth quarter worth approximately $56,000. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 0.0%

NYSE HDB traded down $0.04 during trading on Wednesday, hitting $74.13. The company's stock had a trading volume of 1,060,761 shares, compared to its average volume of 2,822,624. The business's 50 day simple moving average is $69.91 and its 200-day simple moving average is $64.94. The company has a market cap of $187.71 billion, a PE ratio of 22.53, a P/E/G ratio of 2.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a fifty-two week low of $55.00 and a fifty-two week high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating 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 analyst estimates of $434.68 billion. On average, equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.