HDFC Bank Limited (NYSE:HDB) Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. trimmed its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 18.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,000 shares of the bank's stock after selling 11,825 shares during the period. Alps Advisors Inc.'s holdings in HDFC Bank were worth $3,388,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HDB. GAMMA Investing LLC increased its holdings in shares of HDFC Bank by 6.8% in the first quarter. GAMMA Investing LLC now owns 2,391 shares of the bank's stock valued at $159,000 after buying an additional 153 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in shares of HDFC Bank by 3.6% in the fourth quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock valued at $438,000 after buying an additional 241 shares in the last quarter. Portside Wealth Group LLC increased its holdings in shares of HDFC Bank by 2.7% in the first quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank's stock valued at $599,000 after buying an additional 241 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its holdings in shares of HDFC Bank by 0.4% in the fourth quarter. Eagle Global Advisors LLC now owns 84,660 shares of the bank's stock valued at $5,406,000 after buying an additional 305 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $76.00 on Friday. The company's fifty day moving average is $74.69 and its two-hundred day moving average is $67.29. The company has a quick ratio of 0.09, a current ratio of 0.07 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 company has a market cap of $192.45 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.89 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. Equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.

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