AQR Capital Management LLC Grows Stock Position in HDFC Bank Limited (NYSE:HDB)

AQR Capital Management LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,672 shares of the bank's stock after buying an additional 4,320 shares during the period. AQR Capital Management LLC's holdings in HDFC Bank were worth $4,823,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FIL Ltd raised its holdings in shares of 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 buying an additional 2,599,337 shares during the period. GQG Partners LLC grew its position in HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after acquiring an additional 3,364,114 shares during the last quarter. FMR LLC increased its stake in HDFC Bank by 13.3% in the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank's stock worth $497,668,000 after purchasing an additional 914,289 shares during the period. Schroder Investment Management Group lifted its position in shares of HDFC Bank by 82.1% during the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after purchasing an additional 3,160,533 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of HDFC Bank by 1.7% during the fourth quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank's stock valued at $441,772,000 after purchasing an additional 113,988 shares during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 1.5 %

HDB stock traded up $1.04 during trading on Friday, hitting $70.54. 2,323,241 shares of the company's stock traded hands, compared to its average volume of 2,817,861. The business has a fifty day simple moving average of $66.95 and a two-hundred day simple moving average of $64.17. 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 firm has a market capitalization of $178.63 billion, a P/E ratio of 21.44, a PEG ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $75.37.

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, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HDB. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a report on Monday, May 5th.

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.