Harel Insurance Investments & Financial Services Ltd. Increases Stake in HDFC Bank Limited (NYSE:HDB)

Harel Insurance Investments & Financial Services Ltd. boosted its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 154.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,862 shares of the bank's stock after purchasing an additional 8,422 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in HDFC Bank were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HDB. GAMMA Investing LLC boosted its position in shares of HDFC Bank by 6.8% during the 1st quarter. GAMMA Investing LLC now owns 2,391 shares of the bank's stock valued at $159,000 after acquiring an additional 153 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position 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 acquiring an additional 240 shares during the last quarter. Level Four Advisory Services LLC boosted its position in shares of HDFC Bank by 3.6% during the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock valued at $438,000 after acquiring an additional 241 shares during the last quarter. Portside Wealth Group LLC boosted its position in shares of HDFC Bank by 2.7% during the 1st quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank's stock valued at $599,000 after acquiring an additional 241 shares during the last quarter. Finally, Endowment Wealth Management Inc. boosted 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 last quarter. Institutional investors own 17.61% of the company's stock.

Analyst Ratings Changes

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

HDFC Bank Price Performance

NYSE:HDB traded down $0.02 during mid-day trading on Friday, reaching $76.16. The stock had a trading volume of 1,618,943 shares, compared to its average volume of 2,733,734. The firm has a 50 day moving average price of $74.32 and a two-hundred day moving average price of $66.91. The stock has a market capitalization of $192.86 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.85 and a beta of 0.64. HDFC Bank Limited has a one year low of $57.24 and a one year high of $78.14. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.07.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results 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 company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. As a group, analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.