HDFC Bank Limited (NYSE:HDB) Shares Purchased by Cable Hill Partners LLC

Cable Hill Partners LLC boosted its position in HDFC Bank Limited (NYSE:HDB) by 13.8% during the 4th quarter, Holdings Channel reports. The fund owned 7,063 shares of the bank’s stock after acquiring an additional 856 shares during the quarter. Cable Hill Partners LLC’s holdings in HDFC Bank were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Temasek Holdings Private Ltd raised its holdings in HDFC Bank by 1.6% during the third quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock worth $523,453,000 after purchasing an additional 132,445 shares in the last quarter. FMR LLC raised its holdings in HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after purchasing an additional 1,114,210 shares in the last quarter. Franklin Resources Inc. raised its holdings in HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock worth $420,477,000 after purchasing an additional 560,880 shares in the last quarter. Wellington Management Group LLP raised its holdings in HDFC Bank by 2.2% during the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after purchasing an additional 108,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in HDFC Bank by 1.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock worth $302,970,000 after purchasing an additional 51,736 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB opened at $59.96 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market cap of $151.84 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. The company’s 50 day simple moving average is $61.02 and its 200-day simple moving average is $62.42. HDFC Bank Limited has a 12-month low of $53.00 and a 12-month high of $68.50.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, equities analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on HDB. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

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.