Gilder Gagnon Howe & Co. LLC Buys 45,331 Shares of HDFC Bank Limited $HDB

Gilder Gagnon Howe & Co. LLC increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 357,062 shares of the bank’s stock after acquiring an additional 45,331 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in HDFC Bank were worth $27,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HDB. Financial Perspectives Inc raised its stake in shares of HDFC Bank by 1.3% in the 2nd quarter. Financial Perspectives Inc now owns 10,769 shares of the bank’s stock valued at $826,000 after purchasing an additional 136 shares during the period. Insigneo Advisory Services LLC grew its holdings in shares of HDFC Bank by 4.9% during the second quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock worth $249,000 after buying an additional 152 shares in the last quarter. Huntington National Bank raised its position in HDFC Bank by 13.3% in the 2nd quarter. Huntington National Bank now owns 1,349 shares of the bank’s stock valued at $103,000 after buying an additional 158 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in HDFC Bank by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,694 shares of the bank’s stock valued at $1,127,000 after acquiring an additional 194 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in HDFC Bank by 1.5% in the 2nd quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock valued at $1,152,000 after acquiring an additional 215 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of HDFC Bank in a report on Wednesday. Wall Street Zen downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

HDFC Bank Price Performance

Shares of HDB opened at $35.89 on Friday. The company has a market cap of $183.07 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.61 and a beta of 0.58. The firm has a 50-day moving average of $36.09 and a 200-day moving average of $36.68. HDFC Bank Limited has a one year low of $28.89 and a one year high of $39.81.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The company had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Analysts expect that HDFC Bank Limited will post 3.03 earnings per share 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.