Dodge & Cox Buys 3,232,400 Shares of HDFC Bank Limited $HDB

Key Points

• Dodge & Cox increased its position in HDFC Bank by 108.4% in Q3, buying 3,232,400 shares to own 6,214,800 shares worth about $212.3 million (≈0.12% of the company).
• Analyst sentiment is mixed-to-negative with a MarketBeat consensus of "Reduce"; Weiss Ratings cut the stock to "Sell" while Wall Street Zen recently moved it to "Hold".
• HDFC Bank shares trade around $28.25 (near a 12‑month low of $28.05) with a market cap of ~$144.1 billion and a PE ratio of 16.97.

Dodge & Cox grew its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 108.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,214,800 shares of the bank's stock after buying an additional 3,232,400 shares during the quarter. Dodge & Cox owned 0.12% of HDFC Bank worth $212,298,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HDB. Central Pacific Bank Trust Division lifted its stake in shares of HDFC Bank by 100.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank's stock worth $26,000 after purchasing an additional 379 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in HDFC Bank by 54.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank's stock worth $31,000 after purchasing an additional 322 shares in the last quarter. Accent Capital Management LLC grew its holdings 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 buying an additional 459 shares during the last quarter. Clearstead Advisors LLC grew its stake in HDFC Bank by 476.8% during the 3rd 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 last quarter. Finally, J.Safra Asset Management Corp boosted its position in HDFC Bank by 100.0% in the third quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank's stock valued at $35,000 after buying an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HDB. Weiss Ratings lowered shares of HDFC Bank from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 6th. Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce".

HDFC Bank Trading Down 0.5%

Shares of HDFC Bank stock opened at $28.25 on Friday. HDFC Bank Limited has a twelve month low of $28.05 and a twelve month high of $39.81. The firm has a market capitalization of $144.11 billion, a PE ratio of 16.97, a P/E/G ratio of 1.18 and a beta of 0.56. The firm's 50-day moving average price is $32.28 and its 200 day moving average price is $34.56.

HDFC Bank 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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