Vise Technologies Inc. boosted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 1,777.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 88,405 shares of the bank's stock after buying an additional 83,696 shares during the period. Vise Technologies Inc.'s holdings in HDFC Bank were worth $5,646,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the 4th quarter valued at $29,000. Graney & King LLC acquired a new position in HDFC Bank in the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. increased its holdings in HDFC Bank by 63.7% in the fourth 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 acquired a new stake in shares of HDFC Bank during the fourth quarter worth about $42,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of HDFC Bank during the 4th quarter valued at approximately $56,000. 17.61% of the stock is owned by institutional investors.
HDFC Bank Trading Up 1.7%
Shares of HDFC Bank stock traded up $1.25 on Monday, hitting $73.97. The stock had a trading volume of 3,094,533 shares, compared to its average volume of 2,830,184. The firm has a market capitalization of $187.31 billion, a P/E ratio of 22.48, a PEG ratio of 2.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a 50 day moving average of $69.49 and a 200 day moving average of $64.81. HDFC Bank Limited has a twelve month low of $55.00 and a twelve month high of $75.37.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. Sell-side analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.
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HDFC Bank Profile
(
Free Report)
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.
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