Two Creeks Capital Management LP Lowers Stake in HDFC Bank Limited (NYSE:HDB)

Two Creeks Capital Management LP lessened its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 33.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 952,645 shares of the bank's stock after selling 473,214 shares during the period. HDFC Bank accounts for approximately 3.7% of Two Creeks Capital Management LP's holdings, making the stock its 14th biggest position. Two Creeks Capital Management LP's holdings in HDFC Bank were worth $60,836,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Waverton Investment Management Ltd grew its stake in shares of HDFC Bank by 1.0% in the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock worth $1,275,000 after buying an additional 203 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in HDFC Bank by 63.7% in the fourth 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. Level Four Advisory Services LLC grew its position in HDFC Bank by 3.6% in the fourth quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock worth $438,000 after acquiring an additional 241 shares in the last quarter. Baron Wealth Management LLC raised its position in HDFC Bank by 3.7% during the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock valued at $470,000 after purchasing an additional 263 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of HDFC Bank by 13.0% in the 4th quarter. Principal Securities Inc. now owns 2,305 shares of the bank's stock valued at $147,000 after purchasing an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Thursday. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

HDFC Bank Trading Down 0.8 %

HDB traded down $0.58 during trading on Monday, hitting $71.60. 860,032 shares of the stock were exchanged, compared to its average volume of 2,825,069. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a 50 day simple moving average of $64.54 and a 200 day simple moving average of $63.48. The firm has a market cap of $181.30 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.12 and a beta of 0.68. 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 posted its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

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.