Laird Norton Wetherby Wealth Management LLC Has $2.81 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Laird Norton Wetherby Wealth Management LLC cut its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,930 shares of the bank's stock after selling 5,338 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in HDFC Bank were worth $2,805,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HDB. Waverton Investment Management Ltd lifted 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 valued at $1,275,000 after purchasing an additional 203 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after acquiring an additional 240 shares in the last quarter. Level Four Advisory Services LLC raised its position in shares of HDFC Bank by 3.6% in the 4th 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 lifted its position in shares of 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 buying an additional 263 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in HDFC Bank by 13.0% in the fourth quarter. Principal Securities Inc. now owns 2,305 shares of the bank's stock worth $147,000 after purchasing an additional 265 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

NYSE:HDB traded down $0.38 during trading hours on Friday, reaching $72.95. 1,493,446 shares of the company's stock were exchanged, compared to its average volume of 2,815,465. The company has a 50-day moving average of $68.00 and a 200 day moving average of $64.40. HDFC Bank Limited has a 1-year low of $55.00 and a 1-year high of $75.37. 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 $184.74 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 2.12 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.19% and a net margin of 14.64%. Research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Analysts Set New Price Targets

HDB has been the subject of a number of research reports. Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Wednesday.

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.