Temasek Holdings Private Ltd Purchases 190,566 Shares of HDFC Bank Limited (NYSE:HDB)

Temasek Holdings Private Ltd boosted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,557,788 shares of the bank's stock after acquiring an additional 190,566 shares during the period. HDFC Bank accounts for 2.2% of Temasek Holdings Private Ltd's holdings, making the stock its 15th biggest position. Temasek Holdings Private Ltd owned about 0.34% of HDFC Bank worth $546,500,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HDB. Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank during the 4th quarter worth approximately $29,000. Graney & King LLC bought a new position in shares of HDFC Bank in the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. lifted its stake in 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 during the period. Sierra Ocean LLC bought a new position in HDFC Bank during the fourth quarter worth $42,000. Finally, Atlas Capital Advisors Inc. bought a new position in HDFC Bank during the fourth quarter worth $56,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HDB shares. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.

HDFC Bank Price Performance

Shares of HDB traded down $0.09 during trading hours on Wednesday, reaching $72.98. 1,453,349 shares of the company's stock traded hands, compared to its average volume of 2,821,558. The stock has a market cap of $184.81 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. 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's 50 day simple moving average is $68.79 and its 200-day simple moving average is $64.60. HDFC Bank Limited has a 12 month low of $55.00 and a 12 month high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The business had revenue of $5.04 billion for 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%. Equities 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.