Kontiki Capital Management HK Ltd. Has $248.08 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Key Points

• Kontiki Capital Management HK Ltd. increased its stake in HDFC Bank by 3.4%, now holding 3,733,854 shares, representing 17.9% of its investment portfolio.
• Several other institutional investors, including Northern Trust Corp and Natixis Advisors LLC, also boosted their stakes in HDFC Bank, reflecting strong investor interest.
• HDFC Bank's stock recently saw a slight decline of 0.2%, with a current price of $75.76 and a twelve-month high of $79.61.

Kontiki Capital Management HK Ltd. increased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,733,854 shares of the bank's stock after acquiring an additional 122,685 shares during the period. HDFC Bank comprises 17.9% of Kontiki Capital Management HK Ltd.'s holdings, making the stock its 3rd largest holding. Kontiki Capital Management HK Ltd. owned approximately 0.15% of HDFC Bank worth $248,077,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Pinpoint Asset Management Ltd boosted its position in shares of HDFC Bank by 37.7% during the 1st quarter. Pinpoint Asset Management Ltd now owns 168,667 shares of the bank's stock worth $11,206,000 after acquiring an additional 46,211 shares in the last quarter. Fayez Sarofim & Co boosted its position in shares of HDFC Bank by 7.8% during the 1st quarter. Fayez Sarofim & Co now owns 93,935 shares of the bank's stock worth $6,241,000 after acquiring an additional 6,835 shares in the last quarter. Exencial Wealth Advisors LLC boosted its position in shares of HDFC Bank by 4.5% during the 1st quarter. Exencial Wealth Advisors LLC now owns 20,225 shares of the bank's stock worth $1,344,000 after acquiring an additional 870 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of HDFC Bank by 67.4% during the 1st quarter. Vanguard Group Inc. now owns 272,824 shares of the bank's stock worth $18,126,000 after acquiring an additional 109,810 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its position in shares of HDFC Bank by 21.7% during the 1st quarter. iA Global Asset Management Inc. now owns 8,196 shares of the bank's stock worth $545,000 after acquiring an additional 1,459 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th.

HDFC Bank Trading Down 1.3%

HDFC Bank stock traded down $0.95 during mid-day trading on Friday, reaching $74.78. The company had a trading volume of 1,712,885 shares, compared to its average volume of 1,845,690. HDFC Bank Limited has a fifty-two week low of $57.78 and a fifty-two week high of $79.61. The company has a market cap of $190.74 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.86 and a beta of 0.64. The business has a fifty day simple moving average of $76.11 and a 200 day simple moving average of $69.46.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, July 19th. The bank reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.03 billion. Research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank Company 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.