HDFC Bank Limited $HDB is Helios Capital Management PTE. Ltd.’s 4th Largest Position

Helios Capital Management PTE. Ltd. lessened its holdings in HDFC Bank Limited (NYSE:HDB) by 14.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 287,400 shares of the bank’s stock after selling 50,000 shares during the quarter. HDFC Bank makes up 7.5% of Helios Capital Management PTE. Ltd.’s holdings, making the stock its 4th largest holding. Helios Capital Management PTE. Ltd.’s holdings in HDFC Bank were worth $7,151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Larson Financial Group LLC increased its stake in HDFC Bank by 90.4% in 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. Pin Oak Investment Advisors Inc. lifted its holdings in HDFC Bank by 100.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after buying an additional 498 shares in the last quarter. Bell Investment Advisors Inc boosted its position in HDFC Bank by 260.9% in the 1st quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank’s stock valued at $34,000 after buying an additional 1,002 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in HDFC Bank in the 3rd quarter valued at about $43,000. Finally, BOCHK Asset Management Ltd boosted its position in HDFC Bank by 125.0% in the 4th quarter. BOCHK Asset Management Ltd now owns 1,800 shares of the bank’s stock valued at $66,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Insiders Place Their Bets

In other news, 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 in the company, valued at approximately $5,567,039.84. This trade represents a 1.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashish Parthasarthy sold 6,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total value of $53,640.00. Following the completion of the transaction, the insider directly owned 848,558 shares of the company’s stock, valued at approximately $7,586,108.52. The trade was a 0.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,600 shares of company stock worth $189,560 over the last quarter. Company insiders own 1.00% of the company’s stock.

HDFC Bank Stock Down 1.7%

Shares of NYSE:HDB opened at $25.96 on Wednesday. The firm has a 50 day moving average of $24.87 and a 200 day moving average of $28.32. The company has a market capitalization of $132.46 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.23 and a beta of 0.64. HDFC Bank Limited has a 52 week low of $22.91 and a 52 week high of $39.81.

Wall Street Analysts Forecast Growth

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

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).