HDFC Bank Limited (NYSE:HDB) Stock Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 13.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,940 shares of the bank's stock after buying an additional 3,894 shares during the period. Sequoia Financial Advisors LLC's holdings in HDFC Bank were worth $2,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HDB. Bank Pictet & Cie Europe AG raised its position in shares of HDFC Bank by 451.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank's stock worth $1,245,000 after purchasing an additional 15,955 shares during the period. Principal Financial Group Inc. raised its position in shares of HDFC Bank by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 48,679 shares of the bank's stock worth $3,109,000 after purchasing an additional 1,454 shares during the period. Ieq Capital LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth $266,000. IFP Advisors Inc raised its position in shares of HDFC Bank by 2,310.1% during the fourth quarter. IFP Advisors Inc now owns 5,013 shares of the bank's stock worth $320,000 after purchasing an additional 4,805 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth $29,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

Shares of HDB stock opened at $77.08 on Friday. HDFC Bank Limited has a 1-year low of $57.24 and a 1-year high of $78.14. 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 company has a market capitalization of $195.18 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.83 and a beta of 0.64. The stock's fifty day simple moving average is $73.99 and its 200-day simple moving average is $66.55.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a research report 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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