Vise Technologies Inc. Purchases 83,696 Shares of HDFC Bank Limited (NYSE:HDB)

Vise Technologies Inc. grew its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 1,777.4% in the fourth quarter, according to the company in its most recent Form 13F 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 quarter. Vise Technologies Inc.'s holdings in HDFC Bank were worth $5,646,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HDB. FIL Ltd increased its position in HDFC Bank by 17.5% in the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after purchasing an additional 2,599,337 shares during the period. Temasek Holdings Private Ltd increased its position in HDFC Bank by 2.3% in the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank's stock worth $546,500,000 after purchasing an additional 190,566 shares during the period. GQG Partners LLC increased its position in HDFC Bank by 74.4% in the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock worth $503,431,000 after purchasing an additional 3,364,114 shares during the period. FMR LLC grew its position in shares of HDFC Bank by 13.3% during the 4th quarter. FMR LLC now owns 7,793,113 shares of the bank's stock worth $497,668,000 after buying an additional 914,289 shares during the period. Finally, Royal Bank of Canada grew its position in shares of HDFC Bank by 43.0% during the 4th quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock worth $466,629,000 after buying an additional 2,196,315 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

Shares of HDB stock traded down $0.02 during trading on Wednesday, reaching $74.14. 938,537 shares of the company's stock were exchanged, compared to its average volume of 2,822,443. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $187.75 billion, a PE ratio of 22.55, a PEG ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a twelve month low of $55.00 and a twelve month high of $75.37. The firm's fifty day moving average price is $69.91 and its 200-day moving average price is $64.94.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. As a group, sell-side analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About HDFC Bank

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.