Laird Norton Wetherby Wealth Management LLC Sells 5,338 Shares of HDFC Bank Limited (NYSE:HDB)

Laird Norton Wetherby Wealth Management LLC lowered its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,930 shares of the bank's stock after selling 5,338 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in HDFC Bank were worth $2,805,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HDB. Northern Trust Corp lifted its position in shares of HDFC Bank by 52.0% in the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock worth $64,855,000 after buying an additional 347,488 shares during the last quarter. US Bancorp DE lifted its holdings in HDFC Bank by 12.7% in the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank's stock valued at $10,068,000 after acquiring an additional 17,800 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in HDFC Bank in the 4th quarter valued at about $580,000. Trinity Street Asset Management LLP lifted its holdings in HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock valued at $234,641,000 after acquiring an additional 252,600 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in HDFC Bank during the fourth quarter valued at about $2,907,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 0.5%

Shares of HDB traded down $0.38 during mid-day trading on Friday, hitting $72.95. 1,493,446 shares of the company's stock were exchanged, compared to its average volume of 2,826,670. The company has a market cap of $184.74 billion, a PE ratio of 22.17, a P/E/G ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a 52 week low of $55.00 and a 52 week high of $75.37. The company has a 50-day simple moving average of $68.26 and a 200 day simple moving average of $64.47. 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 released its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating 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 company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. On average, research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

HDFC Bank Company 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.