Gilder Gagnon Howe & Co. LLC Increases Position in HDFC Bank Limited (NYSE:HDB)

Gilder Gagnon Howe & Co. LLC raised its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 343,392 shares of the bank's stock after purchasing an additional 60,973 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in HDFC Bank were worth $21,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in shares of HDFC Bank during the 4th quarter worth $29,000. Graney & King LLC acquired a new stake in HDFC Bank in the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. lifted its position in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after acquiring an additional 240 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of HDFC Bank in the fourth quarter valued at $42,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of HDFC Bank during the fourth quarter valued at about $56,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Up 0.0 %

NYSE:HDB traded up $0.02 on Thursday, hitting $72.71. 626,450 shares of the company's stock were exchanged, compared to its average volume of 2,820,568. The firm has a 50-day moving average price of $65.29 and a 200-day moving average price of $63.68. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $75.37. The company has a market cap of $184.12 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd.

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.