Matthews International Capital Management LLC Purchases 126,650 Shares of HDFC Bank Limited $HDB

Key Points

• Matthews International Capital Management boosted its stake in HDFC Bank by 58.3%, buying 126,650 shares to hold 343,916 shares worth about $12.57M, making HDB its ninth-largest position and 3.8% of the firm's portfolio.
• Other institutions also increased exposure — notably Goldman Sachs now holds 883,855 shares (~$58.7M) — and institutional investors and hedge funds collectively own about 17.61% of HDB.
• HDFC Bank trades with a market cap of $131.03B, a P/E of 15.38 and a 12‑month range of $23.91–$39.81; analyst coverage averages a "Reduce" rating and corporate insiders have recently sold small stakes.

Matthews International Capital Management LLC lifted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,916 shares of the bank's stock after purchasing an additional 126,650 shares during the period. HDFC Bank comprises 3.8% of Matthews International Capital Management LLC's portfolio, making the stock its 9th largest position. Matthews International Capital Management LLC's holdings in HDFC Bank were worth $12,567,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HDB. NewEdge Advisors LLC lifted its position in shares of HDFC Bank by 8.6% during the first quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank's stock worth $776,000 after purchasing an additional 922 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of HDFC Bank by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank's stock worth $58,723,000 after purchasing an additional 13,435 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of HDFC Bank by 24.5% during the second quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank's stock worth $601,000 after purchasing an additional 1,541 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of HDFC Bank by 464.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,484 shares of the bank's stock worth $114,000 after purchasing an additional 1,221 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of HDFC Bank by 29.3% during the second quarter. First Trust Advisors LP now owns 51,551 shares of the bank's stock worth $3,952,000 after purchasing an additional 11,689 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

HDB opened at $25.69 on Friday. The stock has a market capitalization of $131.03 billion, a PE ratio of 15.38, a P/E/G ratio of 1.18 and a beta of 0.67. The firm's fifty day moving average price is $28.09 and its 200 day moving average price is $32.69. HDFC Bank Limited has a 12-month low of $23.91 and a 12-month high of $39.81.

Insider Buying and Selling at HDFC Bank

In related news, insider Ashish Parthasarthy sold 6,000 shares of the company's stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $8.94, for a total value of $53,640.00. Following the sale, the insider directly owned 848,558 shares of the company's stock, valued at $7,586,108.52. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider N Srinivasan sold 10,000 shares of the company's stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $8.21, for a total transaction of $82,100.00. Following the completion of the sale, the insider directly owned 648,422 shares in the company, valued at $5,323,544.62. This represents a 1.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HDB. Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Weiss Ratings cut shares of HDFC Bank from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, HDFC Bank has an average rating of "Reduce".

About HDFC Bank

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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