DJE Kapital AG Purchases 326,261 Shares of HDFC Bank Limited $HDB

DJE Kapital AG grew its stake in shares of HDFC Bank Limited (NYSE:HDB) by 23.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,692,753 shares of the bank’s stock after purchasing an additional 326,261 shares during the quarter. HDFC Bank accounts for approximately 1.7% of DJE Kapital AG’s holdings, making the stock its 22nd biggest position. DJE Kapital AG’s holdings in HDFC Bank were worth $61,963,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in HDFC Bank by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock valued at $776,000 after acquiring an additional 922 shares during the period. 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 grew its position in 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 buying an additional 1,541 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in 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 buying an additional 1,221 shares during the period. Finally, First Trust Advisors LP grew its position in 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 buying an additional 11,689 shares during the period. Institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

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

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $23.81 on Friday. The firm has a fifty day moving average price of $25.01 and a 200 day moving average price of $29.97. HDFC Bank Limited has a fifty-two week low of $22.91 and a fifty-two week high of $39.81. The firm has a market cap of $121.48 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 1.07 and a beta of 0.65.

Insiders Place Their Bets

In related news, insider Ashish Parthasarthy sold 6,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $8.94, for a total transaction of $53,640.00. Following the completion of the transaction, the insider owned 848,558 shares in the company, valued at approximately $7,586,108.52. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $8.72, for a total transaction of $87,200.00. Following the transaction, the insider owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. This represents a 1.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 31,600 shares of company stock valued at $271,660. 1.00% of the stock is owned by company 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).