Orion Porfolio Solutions LLC Purchases 74,426 Shares of HDFC Bank Limited $HDB

Key Points

• Orion Porfolio Solutions LLC increased its stake in HDFC Bank by 50.8% in Q3, purchasing 74,426 shares to hold 220,903 shares valued at about $7.546 million.
• HDFC Bank shares traded around $29.50 (52-week range $29.23–$39.81) with a market cap of $150.49 billion, and recent analyst moves have upgraded the stock from sell to Hold, leaving the consensus rating at Hold.

Orion Porfolio Solutions LLC grew its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 50.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,903 shares of the bank's stock after purchasing an additional 74,426 shares during the quarter. Orion Porfolio Solutions LLC's holdings in HDFC Bank were worth $7,546,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Insigneo Advisory Services LLC boosted its stake in HDFC Bank by 4.9% in the 2nd quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank's stock valued at $249,000 after purchasing an additional 152 shares during the period. Huntington National Bank grew its holdings in HDFC Bank by 13.3% in the 2nd quarter. Huntington National Bank now owns 1,349 shares of the bank's stock valued at $103,000 after buying an additional 158 shares in the last quarter. Level Four Advisory Services LLC increased its position in HDFC Bank by 3.0% during the 2nd quarter. Level Four Advisory Services LLC now owns 7,681 shares of the bank's stock worth $589,000 after buying an additional 223 shares during the period. First Horizon Advisors Inc. increased its position in HDFC Bank by 12.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,548 shares of the bank's stock worth $195,000 after buying an additional 273 shares during the period. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of HDFC Bank by 5.8% during the second quarter. Snowden Capital Advisors LLC now owns 5,707 shares of the bank's stock worth $438,000 after buying an additional 311 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $29.50 on Friday. The company's 50 day moving average price is $33.04 and its two-hundred day moving average price is $34.85. The firm has a market capitalization of $150.49 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.26 and a beta of 0.56. HDFC Bank Limited has a fifty-two week low of $29.23 and a fifty-two week high of $39.81.

Analysts Set New Price Targets

Several equities analysts recently commented on HDB shares. Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. Weiss Ratings upgraded shares of HDFC Bank from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

HDFC Bank 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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