Y Intercept Hong Kong Ltd Makes New $2.21 Million Investment in HDFC Bank Limited (NYSE:HDB)

Y Intercept Hong Kong Ltd acquired a new position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,215 shares of the bank's stock, valued at approximately $2,207,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. DMC Group LLC lifted its holdings 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 purchasing an additional 181 shares in the last quarter. Platform Technology Partners lifted its stake in shares of HDFC Bank by 2.7% during 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. lifted its stake in shares of HDFC Bank by 63.7% during 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 period. Finally, Level Four Advisory Services LLC lifted its stake 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 period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

HDFC Bank stock traded down $0.14 during trading on Friday, hitting $77.86. The company's stock had a trading volume of 1,340,327 shares, compared to its average volume of 1,823,866. The stock has a market capitalization of $197.18 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.94 and a beta of 0.64. The stock's fifty day moving average is $75.62 and its 200 day moving average is $68.26. HDFC Bank Limited has a 1-year low of $57.24 and a 1-year high of $79.61.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, July 19th. The bank reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. On average, research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday.

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.