HDFC Bank Limited $HDB Shares Sold by Charles Lim Capital Ltd

Charles Lim Capital Ltd lowered its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 14.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,500,000 shares of the bank’s stock after selling 250,000 shares during the period. HDFC Bank accounts for approximately 28.7% of Charles Lim Capital Ltd’s holdings, making the stock its largest position. Charles Lim Capital Ltd owned about 0.06% of HDFC Bank worth $115,005,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HDB. Cetera Investment Advisers increased its holdings in shares of HDFC Bank by 44.6% during the 1st quarter. Cetera Investment Advisers now owns 23,213 shares of the bank’s stock worth $1,542,000 after acquiring an additional 7,161 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of HDFC Bank by 110.5% in the first quarter. HB Wealth Management LLC now owns 7,680 shares of the bank’s stock valued at $510,000 after purchasing an additional 4,031 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of HDFC Bank in the first quarter valued at about $361,000. LPL Financial LLC lifted its stake in shares of HDFC Bank by 20.9% during the 1st quarter. LPL Financial LLC now owns 139,961 shares of the bank’s stock worth $9,299,000 after buying an additional 24,185 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of HDFC Bank during the 1st quarter worth about $2,634,000. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HDB shares. Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HDFC Bank in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, HDFC Bank presently has an average rating of “Moderate Buy”.

HDFC Bank Stock Up 1.3%

NYSE HDB opened at $36.64 on Thursday. The firm has a 50-day moving average price of $35.78 and a two-hundred day moving average price of $36.74. HDFC Bank Limited has a 12-month low of $28.89 and a 12-month high of $39.81. The company has a market capitalization of $186.92 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.92 and a beta of 0.69.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. The company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $4.98 billion. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. Equities analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.