HDFC Bank Limited (NYSE:HDB) Stock Position Decreased by Perpetual Ltd

Perpetual Ltd decreased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,086,607 shares of the bank's stock after selling 55,322 shares during the period. Perpetual Ltd's holdings in HDFC Bank were worth $72,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Whipplewood Advisors LLC purchased a new stake in HDFC Bank in the 4th quarter worth approximately $29,000. Graney & King LLC acquired a new position in shares of HDFC Bank during the 4th quarter worth $38,000. Brown Brothers Harriman & Co. boosted its holdings in HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after purchasing an additional 240 shares in the last quarter. NBC Securities Inc. acquired a new position in HDFC Bank during the first quarter worth $55,000. Finally, Atlas Capital Advisors Inc. bought a new position in HDFC Bank during the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $77.05 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $73.89 and a 200-day simple moving average of $66.49. The stock has a market capitalization of $195.11 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.81 and a beta of 0.64. HDFC Bank Limited has a 1-year low of $57.24 and a 1-year high of $78.14.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. On average, sell-side analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

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

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.

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