Leonteq Securities AG Invests $1.53 Million in HDFC Bank Limited $HDB

Leonteq Securities AG acquired a new position in shares of HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 41,751 shares of the bank’s stock, valued at approximately $1,526,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HDB. Larson Financial Group LLC increased its stake in HDFC Bank by 90.4% in the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock valued at $29,000 after acquiring an additional 403 shares during the period. Clearstead Advisors LLC increased its stake in HDFC Bank by 476.8% in the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after acquiring an additional 739 shares during the period. Parkside Financial Bank & Trust increased its stake in HDFC Bank by 54.5% in the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after acquiring an additional 322 shares during the period. Accent Capital Management LLC increased its stake in HDFC Bank by 100.0% in the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after acquiring an additional 459 shares during the period. Finally, Cary Street Partners Financial LLC bought a new stake in HDFC Bank in the second quarter valued at about $75,000. Institutional investors own 17.61% of the company’s stock.

Insider Activity

In other HDFC Bank news, insider N Srinivasan sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the sale, the insider directly owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashish Parthasarthy sold 5,600 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total transaction of $48,720.00. Following the sale, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. This represents a 0.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,600 shares of company stock worth $271,660 over the last ninety days. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HDFC Bank currently has an average rating of “Reduce”.

HDFC Bank Stock Down 0.0%

NYSE HDB opened at $24.62 on Friday. The stock has a market cap of $125.59 billion, a P/E ratio of 14.74, a PEG ratio of 1.14 and a beta of 0.68. The company’s 50-day simple moving average is $25.78 and its 200 day simple moving average is $31.30. HDFC Bank Limited has a twelve month low of $23.75 and a twelve month high of $39.81.

About HDFC Bank

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).