MayTech Global Investments LLC boosted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 177,049 shares of the bank's stock after purchasing an additional 12,738 shares during the period. HDFC Bank comprises approximately 1.3% of MayTech Global Investments LLC's holdings, making the stock its 21st largest position. MayTech Global Investments LLC's holdings in HDFC Bank were worth $11,306,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank in the fourth quarter worth about $29,000. Graney & King LLC bought a new position in HDFC Bank during the 4th quarter worth approximately $38,000. Brown Brothers Harriman & Co. increased its position in shares of HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of HDFC Bank during the 4th quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. bought a new position in HDFC Bank during the 4th quarter worth about $56,000. 17.61% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a research 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.
Get Our Latest Stock Report on HDFC Bank
HDFC Bank Stock Up 2.8%
Shares of NYSE HDB opened at $72.46 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $67.20 and a two-hundred day simple moving average of $64.24. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $75.37. The firm has a market capitalization of $183.50 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. Equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.
HDFC Bank Company Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider HDFC Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HDFC Bank wasn't on the list.
While HDFC Bank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
