HDFC Bank Limited (NYSE:HDB) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 87.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,033 shares of the bank's stock after selling 57,826 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in HDFC Bank were worth $513,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. MJP Associates Inc. ADV boosted its stake in shares of HDFC Bank by 12.8% during the fourth quarter. MJP Associates Inc. ADV now owns 4,314 shares of the bank's stock valued at $275,000 after acquiring an additional 489 shares during the last quarter. Letko Brosseau & Associates Inc. grew its holdings in HDFC Bank by 19.9% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 53,100 shares of the bank's stock valued at $3,391,000 after buying an additional 8,800 shares during the period. LMR Partners LLP grew its holdings in HDFC Bank by 2.0% in the 4th quarter. LMR Partners LLP now owns 1,750,000 shares of the bank's stock valued at $111,755,000 after buying an additional 34,545 shares during the period. LRI Investments LLC grew its holdings in HDFC Bank by 50.8% in the 4th quarter. LRI Investments LLC now owns 2,214 shares of the bank's stock valued at $141,000 after buying an additional 746 shares during the period. Finally, JARISLOWSKY FRASER Ltd grew its holdings in HDFC Bank by 2.4% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 1,698,012 shares of the bank's stock valued at $108,435,000 after buying an additional 40,080 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

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

HDFC Bank Trading Up 0.0%

HDB traded up $0.03 during midday trading on Monday, hitting $75.42. The company's stock had a trading volume of 1,201,162 shares, compared to its average volume of 2,819,405. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market cap of $190.97 billion, a P/E ratio of 22.92, a PEG ratio of 2.12 and a beta of 0.63. The firm has a 50-day moving average price of $70.47 and a two-hundred day moving average price of $65.22. HDFC Bank Limited has a 52-week low of $55.00 and a 52-week high of $75.60.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. The company had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share 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.