HDFC Bank Limited $HDB Shares Bought by Aikya Investment Management Ltd

Key Points

• Aikya Investment Management raised its stake in HDFC Bank by 9.3% in Q4 to 4,729,768 shares, making HDFC roughly 39.2% of Aikya’s portfolio and worth about $172.8 million.
• Analyst sentiment is mixed-to-negative: Weiss Ratings cut HDFC to a Sell, Wall Street Zen moved it to Hold, and the MarketBeat consensus rating is “Reduce.”
• Insiders have been net sellers recently—21,600 shares (~$184,460) sold over the last three months—while institutional investors own about 17.61% of the company and corporate insiders hold 1.0%.

Aikya Investment Management Ltd raised its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,729,768 shares of the bank's stock after acquiring an additional 400,973 shares during the quarter. HDFC Bank accounts for about 39.2% of Aikya Investment Management Ltd's investment portfolio, making the stock its largest holding. Aikya Investment Management Ltd owned approximately 0.09% of HDFC Bank worth $172,826,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in HDFC Bank by 90.4% in the third quarter. Larson Financial Group LLC now owns 849 shares of the bank's stock valued at $29,000 after acquiring an additional 403 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of 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 buying an additional 739 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank's stock valued at $31,000 after buying an additional 322 shares during the last quarter. Accent Capital Management LLC boosted its stake in shares of HDFC Bank by 100.0% during the 3rd 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. Finally, Cary Street Partners Financial LLC purchased a new position in shares of HDFC Bank during the 2nd quarter valued at approximately $75,000. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings cut HDFC Bank from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 6th. Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Insiders Place Their Bets

In other news, insider Ashish Parthasarthy sold 6,000 shares of the firm's stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total transaction of $53,640.00. Following the transaction, the insider directly owned 848,558 shares of the company's stock, valued at approximately $7,586,108.52. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider N Srinivasan sold 10,000 shares of the firm's stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $8.21, for a total value of $82,100.00. Following the transaction, the insider directly owned 648,422 shares in the company, valued at $5,323,544.62. This trade represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,600 shares of company stock worth $184,460 over the last three months. Corporate insiders own 1.00% of the company's stock.

HDFC Bank Stock Performance

HDB stock opened at $25.16 on Friday. The stock has a market capitalization of $128.33 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.17 and a beta of 0.68. HDFC Bank Limited has a 1 year low of $23.91 and a 1 year high of $39.81. The stock's fifty day moving average is $27.50 and its two-hundred day moving average is $32.41.

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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