Meitav Investment House Ltd. Purchases 80,000 Shares of HDFC Bank Limited (NYSE:HDB)

Meitav Investment House Ltd. lifted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 435,000 shares of the bank's stock after buying an additional 80,000 shares during the period. Meitav Investment House Ltd.'s holdings in HDFC Bank were worth $29,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in HDFC Bank by 183.8% during the third quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank's stock valued at $564,164,000 after purchasing an additional 6,191,548 shares during the period. PineStone Asset Management Inc. lifted its position in HDFC Bank by 363.2% during the third quarter. PineStone Asset Management Inc. now owns 3,139,056 shares of the bank's stock valued at $185,236,000 after purchasing an additional 2,461,325 shares during the period. BlackRock Inc. increased its holdings in HDFC Bank by 57.1% during the first quarter. BlackRock Inc. now owns 4,838,182 shares of the bank's stock valued at $296,725,000 after buying an additional 1,757,638 shares during the last quarter. Aikya Investment Management Ltd purchased a new stake in HDFC Bank during the fourth quarter valued at approximately $77,036,000. Finally, 1832 Asset Management L.P. increased its holdings in HDFC Bank by 1,052.1% during the first quarter. 1832 Asset Management L.P. now owns 1,024,372 shares of the bank's stock valued at $68,295,000 after buying an additional 935,455 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Performance

HDB stock traded down $0.45 during midday trading on Thursday, reaching $57.98. 2,189,943 shares of the company's stock traded hands, compared to its average volume of 3,658,964. The stock has a market cap of $107.84 billion, a P/E ratio of 17.90, a PEG ratio of 1.47 and a beta of 0.87. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $71.39. The stock's 50-day moving average is $55.40 and its 200 day moving average is $58.64. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.71 by $0.11. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $5.67 billion. HDFC Bank had a net margin of 17.34% and a return on equity of 15.98%. As a group, analysts anticipate that HDFC Bank Limited will post 2.71 EPS for the current year.

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.

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