HDFC Bank Limited (NYSE:HDB) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC cut its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 55.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,801 shares of the bank's stock after selling 187,134 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in HDFC Bank were worth $9,758,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of HDFC Bank during the third quarter valued at $985,000. Synovus Financial Corp grew its position in shares of HDFC Bank by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 89,591 shares of the bank's stock worth $5,605,000 after buying an additional 711 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in HDFC Bank during the 3rd quarter worth $353,000. Franklin Resources Inc. increased its holdings in shares of HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank's stock valued at $420,477,000 after acquiring an additional 560,880 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of HDFC Bank by 31.5% in the third quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank's stock worth $2,954,000 after buying an additional 11,319 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Trading Up 0.1 %

Shares of NYSE:HDB traded up $0.05 during midday trading on Monday, reaching $73.64. 1,135,654 shares of the company's stock were exchanged, compared to its average volume of 2,814,892. The firm's 50 day simple moving average is $65.81 and its two-hundred day simple moving average is $63.87. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $75.37. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $186.48 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 2.12 and a beta of 0.68.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The company 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%. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

HDB has been the subject of several recent research reports. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a 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.