Flossbach Von Storch SE Raises Stake in HDFC Bank Limited (NYSE:HDB)

Flossbach Von Storch SE increased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,049,520 shares of the bank's stock after acquiring an additional 16,000 shares during the period. Flossbach Von Storch SE's holdings in HDFC Bank were worth $69,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HDB. GAMMA Investing LLC boosted its holdings in HDFC Bank by 6.8% during the first quarter. GAMMA Investing LLC now owns 2,391 shares of the bank's stock worth $159,000 after purchasing an additional 153 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in HDFC Bank by 63.7% during 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 last quarter. Level Four Advisory Services LLC boosted its holdings in HDFC Bank by 3.6% during the fourth quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock worth $438,000 after purchasing an additional 241 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in HDFC Bank by 2.7% during the first quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank's stock worth $599,000 after purchasing an additional 241 shares during the last quarter. Finally, Endowment Wealth Management Inc. grew its position in shares of HDFC Bank by 4.9% during the 4th quarter. Endowment Wealth Management Inc. now owns 6,202 shares of the bank's stock valued at $396,000 after acquiring an additional 289 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of HDFC Bank stock traded up $0.64 on Wednesday, hitting $76.81. 1,589,193 shares of the company traded hands, compared to its average volume of 2,720,690. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12-month low of $57.24 and a 12-month high of $78.14. The firm's 50-day simple moving average is $74.47 and its 200 day simple moving average is $67.07. The company has a market cap of $194.51 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.83 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results 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 return on equity of 13.85% and a net margin of 15.02%. The company had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. Analysts expect that HDFC Bank Limited will post 3.03 earnings per share 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 research report on Wednesday, May 14th.

HDFC Bank 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.