William Blair Investment Management LLC Has $12.36 Million Holdings in HDFC Bank Limited $HDB

William Blair Investment Management LLC decreased its holdings in HDFC Bank Limited (NYSE:HDB) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 338,403 shares of the bank’s stock after selling 101,150 shares during the quarter. William Blair Investment Management LLC’s holdings in HDFC Bank were worth $12,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC lifted its holdings in HDFC Bank by 90.4% during the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after buying an additional 403 shares during the period. Parkside Financial Bank & Trust grew its position in shares of HDFC Bank by 54.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after buying an additional 322 shares during the last quarter. Accent Capital Management LLC increased its stake in shares of 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 buying an additional 459 shares during the period. Clearstead Advisors LLC raised its position in shares of HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after acquiring an additional 739 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its position in shares of HDFC Bank by 100.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock worth $34,000 after acquiring an additional 498 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, HDFC Bank currently has an average rating of “Reduce”.

Insider Activity

In related news, insider Ashish Parthasarthy sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total transaction of $53,640.00. Following the sale, the insider owned 848,558 shares in the company, valued at $7,586,108.52. This represents a 0.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $8.72, for a total value of $87,200.00. Following the sale, the insider directly owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This represents a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 31,600 shares of company stock valued at $271,660. Corporate insiders own 1.00% of the company’s stock.

HDFC Bank Stock Up 0.0%

Shares of NYSE HDB opened at $24.75 on Tuesday. The company has a market capitalization of $126.24 billion, a PE ratio of 14.82, a P/E/G ratio of 1.15 and a beta of 0.68. HDFC Bank Limited has a twelve month low of $23.75 and a twelve month high of $39.81. The firm has a fifty day simple moving average of $25.64 and a 200 day simple moving average of $31.13.

HDFC Bank Company Profile

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).