HDFC Bank Limited $HDB is Charles Lim Capital Ltd’s 2nd Largest Position

Charles Lim Capital Ltd grew its position in HDFC Bank Limited (NYSE:HDB) by 11.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,225,000 shares of the bank’s stock after purchasing an additional 225,000 shares during the quarter. HDFC Bank accounts for approximately 22.1% of Charles Lim Capital Ltd’s investment portfolio, making the stock its 2nd biggest holding. Charles Lim Capital Ltd’s holdings in HDFC Bank were worth $81,302,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HDB. NewEdge Advisors LLC raised its holdings in shares of HDFC Bank by 8.6% during the first quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock valued at $776,000 after purchasing an additional 922 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of HDFC Bank by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock valued at $58,723,000 after purchasing an additional 13,435 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of HDFC Bank by 24.5% during the second quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock valued at $601,000 after purchasing an additional 1,541 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of HDFC Bank by 464.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,484 shares of the bank’s stock valued at $114,000 after purchasing an additional 1,221 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of HDFC Bank by 29.3% during the second quarter. First Trust Advisors LP now owns 51,551 shares of the bank’s stock valued at $3,952,000 after purchasing an additional 11,689 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of HDFC Bank in a report on Wednesday, June 3rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Insider Activity at HDFC Bank

In related news, insider Ashish Parthasarthy sold 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total transaction of $48,720.00. Following the completion of the sale, the insider directly owned 842,958 shares in the company, valued at approximately $7,333,734.60. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider N Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred on 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 owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This trade represents a 1.54% 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 valued at $271,660 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

HDFC Bank Trading Up 1.4%

Shares of NYSE HDB opened at $24.15 on Friday. The firm has a 50 day moving average of $25.00 and a 200 day moving average of $29.93. The firm has a market capitalization of $123.21 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.10 and a beta of 0.65. HDFC Bank Limited has a 12-month low of $22.91 and a 12-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).