Vontobel Holding Ltd. Trims Holdings in HDFC Bank Limited (NYSE:HDB)

Vontobel Holding Ltd. trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 13.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,731 shares of the bank's stock after selling 25,462 shares during the period. Vontobel Holding Ltd.'s holdings in HDFC Bank were worth $10,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in HDFC Bank by 6.8% in the first quarter. GAMMA Investing LLC now owns 2,391 shares of the bank's stock valued at $159,000 after purchasing an additional 153 shares during the last quarter. Brown Brothers Harriman & Co. boosted 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 worth $39,000 after purchasing an additional 240 shares in the last quarter. Level Four Advisory Services LLC grew its holdings in shares of HDFC Bank by 3.6% during the fourth quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock valued at $438,000 after buying an additional 241 shares during the last quarter. Portside Wealth Group LLC increased its holdings in shares of HDFC Bank by 2.7% in the first quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank's stock valued at $599,000 after purchasing an additional 241 shares during the period. Finally, Norden Group LLC lifted its stake in HDFC Bank by 6.0% during the 4th quarter. Norden Group LLC now owns 4,691 shares of the bank's stock valued at $300,000 after acquiring an additional 265 shares during the period. Institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

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 Price Performance

NYSE HDB traded down $0.53 during mid-day trading on Wednesday, hitting $76.18. The stock had a trading volume of 1,936,771 shares, compared to its average volume of 2,752,361. The stock has a market capitalization of $192.91 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.83 and a beta of 0.64. HDFC Bank Limited has a twelve month low of $57.24 and a twelve month high of $78.14. The firm's 50 day moving average is $74.08 and its 200 day moving average is $66.69. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.07 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. Equities research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

HDFC Bank Company 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.