Mirae Asset Global Investments Co. Ltd. Buys 13,354 Shares of HDFC Bank Limited (NYSE:HDB)

Mirae Asset Global Investments Co. Ltd. boosted its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 1.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,088,485 shares of the bank's stock after buying an additional 13,354 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in HDFC Bank were worth $72,558,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Waverton Investment Management Ltd boosted its position in shares of HDFC Bank by 27.3% in the first quarter. Waverton Investment Management Ltd now owns 25,403 shares of the bank's stock valued at $1,688,000 after acquiring an additional 5,440 shares during the period. PDS Planning Inc increased its holdings in shares of HDFC Bank by 24.4% during the first quarter. PDS Planning Inc now owns 15,528 shares of the bank's stock worth $1,032,000 after purchasing an additional 3,041 shares during the period. Sequoia Financial Advisors LLC raised its holdings in HDFC Bank by 13.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 32,940 shares of the bank's stock valued at $2,189,000 after acquiring an additional 3,894 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of HDFC Bank by 26.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 4,289,688 shares of the bank's stock valued at $285,007,000 after acquiring an additional 908,709 shares during the period. Finally, Value Partners Investments Inc. acquired a new stake in shares of HDFC Bank during the 1st quarter worth $9,790,000. 17.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

HDFC Bank Price Performance

Shares of HDB traded up $0.03 during trading hours on Tuesday, reaching $76.70. The stock had a trading volume of 1,618,593 shares, compared to its average volume of 2,756,704. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.07. HDFC Bank Limited has a 12 month low of $57.24 and a 12 month high of $78.14. The stock has a market capitalization of $194.23 billion, a PE ratio of 23.24, a PEG ratio of 1.83 and a beta of 0.64. The company's 50-day moving average is $74.05 and its two-hundred day moving average is $66.62.

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

HDFC Bank Company 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.