HDFC Bank Limited $HDB Position Increased by Longfellow Investment Management Co. LLC

Key Points

• Longfellow Investment Management doubled its Q3 position in HDFC Bank (NYSE: HDB), buying 37,208 shares to hold 74,416 shares worth about $2.54 million.
• Several large asset managers sharply increased stakes in Q3 — notably JPMorgan (+104.4%) now owns 19.2 million shares (~$656 million), with Robeco, C WorldWide, MFS and Fisher also making sizable purchases, indicating broad institutional buying.
• HDFC Bank has a market cap of ~$155.2 billion, a PE of 18.27 and a 52‑week range of $29.23–$39.81, and recent analyst moves have pushed the consensus to a Hold rating after upgrades.

Longfellow Investment Management Co. LLC grew its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 100.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,416 shares of the bank's stock after buying an additional 37,208 shares during the quarter. Longfellow Investment Management Co. LLC's holdings in HDFC Bank were worth $2,542,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in HDFC Bank by 104.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank's stock worth $656,035,000 after purchasing an additional 9,808,890 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of HDFC Bank by 150.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank's stock valued at $396,312,000 after purchasing an additional 6,963,646 shares in the last quarter. C WorldWide Group Holding A S lifted its holdings in shares of HDFC Bank by 133.0% in the third quarter. C WorldWide Group Holding A S now owns 9,362,828 shares of the bank's stock valued at $319,834,000 after purchasing an additional 5,345,005 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of HDFC Bank by 89.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,209,034 shares of the bank's stock worth $348,741,000 after buying an additional 4,810,042 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of HDFC Bank by 102.2% during the third quarter. Fisher Asset Management LLC now owns 9,172,694 shares of the bank's stock valued at $313,339,000 after buying an additional 4,635,870 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

HDB opened at $30.42 on Friday. The company has a market capitalization of $155.19 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.28 and a beta of 0.56. HDFC Bank Limited has a fifty-two week low of $29.23 and a fifty-two week high of $39.81. The business has a 50-day moving average of $33.17 and a 200-day moving average of $34.91.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HDB shares. Weiss Ratings raised HDFC Bank from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, January 26th. Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

HDFC Bank Company 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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