Wilkinson Global Asset Management LLC Has $272,000 Holdings in HDFC Bank Limited (NYSE:HDB)

Wilkinson Global Asset Management LLC cut its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 86.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,094 shares of the bank's stock after selling 26,561 shares during the period. Wilkinson Global Asset Management LLC's holdings in HDFC Bank were worth $272,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 153 shares during the period. DMC Group LLC raised its position in shares of HDFC Bank by 2.5% in the first quarter. DMC Group LLC now owns 7,418 shares of the bank's stock valued at $493,000 after buying an additional 181 shares in the last quarter. Platform Technology Partners boosted its stake in shares of HDFC Bank by 2.7% in the first quarter. Platform Technology Partners now owns 7,644 shares of the bank's stock valued at $508,000 after buying an additional 201 shares during the period. Brown Brothers Harriman & Co. grew its position in HDFC Bank by 63.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after buying an additional 240 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its position in HDFC Bank by 3.6% during the fourth quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock worth $438,000 after buying an additional 241 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

HDFC Bank stock traded down $0.68 during trading hours on Friday, reaching $76.00. 998,720 shares of the stock were exchanged, compared to its average volume of 2,707,226. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a twelve month low of $57.24 and a twelve month high of $78.14. The company has a market cap of $192.45 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.87 and a beta of 0.64. The stock has a 50 day moving average of $74.69 and a two-hundred day moving average of $67.30.

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, topping analysts' consensus estimates of $0.74 by $0.11. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. Equities analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.