C WorldWide Group Holding A S Lowers Position in HDFC Bank Limited $HDB

C WorldWide Group Holding A S trimmed its position in shares of HDFC Bank Limited (NYSE:HDB) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,332,764 shares of the bank’s stock after selling 172,576 shares during the quarter. HDFC Bank accounts for approximately 3.9% of C WorldWide Group Holding A S’s portfolio, making the stock its 11th largest holding. C WorldWide Group Holding A S’s holdings in HDFC Bank were worth $182,439,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position 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 purchasing an additional 403 shares during the period. Bell Investment Advisors Inc increased its position in HDFC Bank by 260.9% during the 1st quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank’s stock worth $34,000 after purchasing an additional 1,002 shares during the period. Pin Oak Investment Advisors Inc. increased its position in HDFC Bank by 100.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock worth $34,000 after purchasing an additional 498 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of HDFC Bank during the 3rd quarter worth approximately $43,000. Finally, BOCHK Asset Management Ltd raised its stake in shares of HDFC Bank by 125.0% during the 4th quarter. BOCHK Asset Management Ltd now owns 1,800 shares of the bank’s stock worth $66,000 after buying an additional 1,000 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

NYSE HDB opened at $26.30 on Friday. The business has a 50 day moving average price of $24.89 and a 200 day moving average price of $28.17. The company has a market capitalization of $134.14 billion, a P/E ratio of 15.75, a PEG ratio of 1.22 and a beta of 0.64. HDFC Bank Limited has a 1-year low of $22.91 and a 1-year high of $39.81.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HDB shares. Zacks Research downgraded HDFC Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

HDFC Bank News Summary

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: Analysts and preview pieces point to a potentially solid Q1 for HDFC Bank, with profit expected to rise on strong loan growth while net interest margins are seen holding steady, which could support sentiment if results match expectations. HDFC Bank Q1 preview: PAT may rise 9% on strong loan growth; NIMs seen flat
• Positive Sentiment: Broader news flow around HDB Financial Services was upbeat, with quarterly profit hitting a record level and earnings strength prompting a higher target, reinforcing a constructive view of the HDFC group’s credit and lending franchise. HDB Financial share price target upped after highest-ever quarterly profit in Q1
• Neutral Sentiment: Several market roundups highlighted HDB/HDFC-linked names in the day’s earnings calendar, keeping the stock in focus but not providing a direct catalyst on its own. Stocks in news: Wipro, Jio Financial, HDB Financial, HDFC AMC, SBI
• Neutral Sentiment: Value-oriented articles comparing HDFC Bank with another stock and asking whether HDB is overvalued may be contributing to trading around valuation, but they are more opinion-driven than event-driven. BKEAY or HDB: Which is the better value stock right now? Is HDFC Bank Limited (HDB) Overvalued?

Insider Buying and Selling at HDFC Bank

In other news, insider Ashish Parthasarthy sold 5,600 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total value of $48,720.00. Following the completion of the transaction, the insider owned 842,958 shares in the company, valued at $7,333,734.60. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction 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 transaction, the insider directly owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This trade represents a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,600 shares of company stock worth $189,560 in the last three months. 1.00% of the stock is owned by corporate insiders.

HDFC Bank 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).