Massachusetts Financial Services Co. MA Increases Holdings in HDFC Bank Limited $HDB

Key Points

• Massachusetts Financial Services Co. MA increased its stake in HDFC Bank by 0.6% in Q4, buying 57,362 shares to hold 10,266,396 shares worth about $375.1 million (≈0.20% of the company).
• Multiple large institutions sharply boosted positions (e.g., Schroder +137.6% to 25.2M shares, JPMorgan +104.4% to 19.2M), leaving institutional ownership at 17.61% and indicating notable institutional accumulation.
• HDFC trades at $26.74 (52‑week range $23.91–$39.81) with a $136.4B market cap and P/E of 16.06, but analysts' consensus is a Reduce rating; insiders own 1% and one insider recently sold 10,000 shares.

Massachusetts Financial Services Co. MA raised its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,266,396 shares of the bank's stock after buying an additional 57,362 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.20% of HDFC Bank worth $375,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Schroder Investment Management Group increased its holdings in shares of HDFC Bank by 137.6% in the 3rd quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank's stock worth $861,554,000 after purchasing an additional 14,606,422 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of HDFC Bank by 104.4% in the third quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank's stock worth $656,035,000 after acquiring an additional 9,808,890 shares during the period. Franklin Resources Inc. grew its holdings in HDFC Bank by 106.1% during the third quarter. Franklin Resources Inc. now owns 13,884,943 shares of the bank's stock valued at $474,310,000 after purchasing an additional 7,147,440 shares during the period. Wellington Management Group LLP grew its holdings in HDFC Bank by 94.3% during the third quarter. Wellington Management Group LLP now owns 13,155,196 shares of the bank's stock valued at $449,381,000 after purchasing an additional 6,386,002 shares during the period. Finally, Invesco Ltd. grew its holdings in HDFC Bank by 98.3% during the third quarter. Invesco Ltd. now owns 12,338,006 shares of the bank's stock valued at $421,466,000 after purchasing an additional 6,115,797 shares during the period. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 0.2%

Shares of HDFC Bank stock opened at $26.74 on Friday. The stock's 50-day simple moving average is $29.51 and its 200-day simple moving average is $33.22. HDFC Bank Limited has a 52 week low of $23.91 and a 52 week high of $39.81. The company has a market capitalization of $136.39 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.01 and a beta of 0.67.

Analysts Set New Price Targets

Several analysts have issued reports on HDB shares. Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Weiss Ratings lowered HDFC Bank from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HDFC Bank currently has a consensus rating of "Reduce".

Insider Activity at HDFC Bank

In related news, insider N Srinivasan sold 10,000 shares of the business's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $8.21, for a total value of $82,100.00. Following the sale, the insider directly owned 648,422 shares in the company, valued at approximately $5,323,544.62. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

HDFC Bank Company Profile

HDFC Bank Limited is one of India's leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank's core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).

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