HDFC Bank Limited (NYSE:HDB) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich reduced its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 12.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,294 shares of the bank's stock after selling 4,956 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in HDFC Bank were worth $2,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FIL Ltd raised its holdings in HDFC Bank by 17.5% in the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after buying an additional 2,599,337 shares during the last quarter. Temasek Holdings Private Ltd increased its position in shares of HDFC Bank by 2.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank's stock valued at $546,500,000 after acquiring an additional 190,566 shares in the last quarter. FMR LLC raised its holdings in HDFC Bank by 13.3% in the 4th quarter. FMR LLC now owns 7,793,113 shares of the bank's stock worth $497,668,000 after acquiring an additional 914,289 shares during the last quarter. Royal Bank of Canada lifted its position in HDFC Bank by 43.0% in the 4th quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock valued at $466,629,000 after acquiring an additional 2,196,315 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in HDFC Bank by 82.1% during the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock valued at $447,584,000 after purchasing an additional 3,160,533 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday.

HDFC Bank Trading Down 0.2%

Shares of NYSE:HDB traded down $0.14 during midday trading on Friday, reaching $77.86. 1,340,327 shares of the company were exchanged, compared to its average volume of 1,823,866. The stock has a market cap of $197.18 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.94 and a beta of 0.64. The business's fifty day moving average is $75.62 and its two-hundred day moving average is $68.21. HDFC Bank Limited has a one year low of $57.24 and a one year high of $79.61.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, July 19th. The bank reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). The business had revenue of $5.10 billion during the quarter, compared to analysts' expectations of $5.03 billion. HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%. As a group, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS 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.