C WorldWide Group Holding A S Sells 33,261 Shares of HDFC Bank Limited (NYSE:HDB)

C WorldWide Group Holding A S reduced its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,761,339 shares of the bank's stock after selling 33,261 shares during the quarter. HDFC Bank comprises 3.4% of C WorldWide Group Holding A S's portfolio, making the stock its 12th largest holding. C WorldWide Group Holding A S owned about 0.20% of HDFC Bank worth $252,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in HDFC Bank during the third quarter worth $27,000. NBC Securities Inc. bought a new position in HDFC Bank during the third quarter worth about $29,000. GAMMA Investing LLC bought a new position in shares of HDFC Bank in the fourth quarter valued at approximately $33,000. FinTrust Capital Advisors LLC raised its stake in shares of HDFC Bank by 36.4% in the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank's stock valued at $41,000 after acquiring an additional 185 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of HDFC Bank by 89.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank's stock valued at $41,000 after acquiring an additional 291 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a research report on Monday, April 22nd.

HDFC Bank Stock Performance

NYSE:HDB traded up $0.01 during mid-day trading on Friday, hitting $58.34. The stock had a trading volume of 1,434,939 shares, compared to its average volume of 2,953,923. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $71.39. The stock has a market cap of $108.51 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.09 and a beta of 0.87. The company's 50 day simple moving average is $56.19 and its 200 day simple moving average is $58.56. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40.

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.