HDFC Bank Limited (NYSE:HDB) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 46.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,710 shares of the bank's stock after selling 6,796 shares during the period. Ritholtz Wealth Management's holdings in HDFC Bank were worth $512,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in HDFC Bank by 38.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,570 shares of the bank's stock worth $569,000 after buying an additional 2,365 shares during the last quarter. Aubrey Capital Management Ltd lifted its stake in HDFC Bank by 22.5% during the first quarter. Aubrey Capital Management Ltd now owns 19,484 shares of the bank's stock worth $1,291,000 after purchasing an additional 3,574 shares during the last quarter. Tobam boosted its stake in HDFC Bank by 9.4% in the first quarter. Tobam now owns 37,651 shares of the bank's stock valued at $2,502,000 after acquiring an additional 3,240 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in HDFC Bank during the first quarter worth approximately $914,000. Finally, SG Americas Securities LLC raised its position in HDFC Bank by 33.8% in the 1st quarter. SG Americas Securities LLC now owns 17,938 shares of the bank's stock valued at $1,192,000 after purchasing an additional 4,528 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Trading Up 0.4%

HDFC Bank stock traded up $0.28 during midday trading on Friday, reaching $74.68. The stock had a trading volume of 2,425,353 shares, compared to its average volume of 2,791,169. The stock's 50-day simple moving average is $73.25 and its 200 day simple moving average is $66.21. HDFC Bank Limited has a twelve month low of $57.24 and a twelve month high of $77.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.07. The stock has a market capitalization of $189.12 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.77 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last released 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. The business had revenue of $5.04 billion during 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%. Analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of 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.