Union Bancaire Privee UBP SA Sells 9,223 Shares of HDFC Bank Limited (NYSE:HDB)

Union Bancaire Privee UBP SA decreased its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 55.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 7,500 shares of the bank's stock after selling 9,223 shares during the period. Union Bancaire Privee UBP SA's holdings in HDFC Bank were worth $496,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in HDFC Bank during the fourth quarter valued at approximately $29,000. Graney & King LLC acquired a new position in HDFC Bank in the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. grew its stake in HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares during the last quarter. Sierra Ocean LLC bought a new position in HDFC Bank in the 4th quarter worth $42,000. Finally, NBC Securities Inc. acquired a new position in HDFC Bank during the 1st quarter worth $55,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

HDFC Bank Stock Performance

Shares of HDFC Bank stock traded down $2.06 during midday trading on Friday, hitting $73.82. The company had a trading volume of 2,957,207 shares, compared to its average volume of 2,787,155. The stock has a market cap of $186.92 billion, a PE ratio of 22.44, a P/E/G ratio of 2.12 and a beta of 0.64. HDFC Bank Limited has a 1-year low of $57.24 and a 1-year high of $77.76. The business's 50 day simple moving average is $72.50 and its two-hundred day simple moving average is $66.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB - Get Free Report) last issued 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. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. As a group, equities analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.