24,500 Shares in HDFC Bank Limited (NYSE:HDB) Acquired by Triglav Skladi D.O.O.

Key Points

• Triglav Skladi D.O.O. acquired 24,500 shares of HDFC Bank Limited, valued at approximately $1,628,000, during the 1st quarter of the year.
• Several institutional investors have significantly boosted their holdings in HDFC Bank, with Larson Financial Group LLC increasing its position by 1,217.1% during the same period.
• HDFC Bank reported earnings of $0.74 per share, which missed analysts' expectations by one cent, although it generated revenue exceeding forecasts at $5.10 billion.

Triglav Skladi D.O.O. bought a new position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 24,500 shares of the bank's stock, valued at approximately $1,628,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of HDFC Bank by 6.8% in the 1st quarter. GAMMA Investing LLC now owns 2,391 shares of the bank's stock valued at $159,000 after buying an additional 153 shares during the period. DMC Group LLC grew its stake in shares of HDFC Bank by 2.5% during the first quarter. DMC Group LLC now owns 7,418 shares of the bank's stock worth $493,000 after purchasing an additional 181 shares during the period. Platform Technology Partners grew its stake in shares of HDFC Bank by 2.7% during the first quarter. Platform Technology Partners now owns 7,644 shares of the bank's stock worth $508,000 after purchasing an additional 201 shares during the period. Portside Wealth Group LLC grew its stake in shares of HDFC Bank by 2.7% during the first quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank's stock worth $599,000 after purchasing an additional 241 shares during the period. Finally, Eagle Global Advisors LLC grew its stake in shares of HDFC Bank by 0.4% during the fourth quarter. Eagle Global Advisors LLC now owns 84,660 shares of the bank's stock worth $5,406,000 after purchasing an additional 305 shares during the period. Institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 1.5%

Shares of HDB stock traded up $1.09 on Friday, hitting $74.94. 1,654,155 shares of the stock were exchanged, compared to its average volume of 1,836,277. The firm has a market capitalization of $191.15 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.64. The business has a 50-day moving average of $75.94 and a 200 day moving average of $69.91. HDFC Bank Limited has a fifty-two week low of $57.78 and a fifty-two week high of $79.61.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, July 19th. The bank reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.03 billion. As a group, research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

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.