Hsbc Holdings PLC Increases Position in HDFC Bank Limited $HDB

Hsbc Holdings PLC raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 55.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,361,513 shares of the bank’s stock after purchasing an additional 1,205,192 shares during the period. Hsbc Holdings PLC’s holdings in HDFC Bank were worth $83,080,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HDB. R Squared Ltd bought a new stake in shares of HDFC Bank in the 1st quarter worth approximately $273,000. Collaborative Fund Advisors LLC bought a new position in HDFC Bank during the 1st quarter valued at approximately $1,080,000. Hudson Edge Investment Partners Inc. raised its stake in HDFC Bank by 36.0% during the first quarter. Hudson Edge Investment Partners Inc. now owns 2,033,200 shares of the bank’s stock valued at $50,586,000 after buying an additional 538,200 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in HDFC Bank during the first quarter valued at $102,000. Finally, Y Intercept Hong Kong Ltd raised its stake in HDFC Bank by 740.5% during the first quarter. Y Intercept Hong Kong Ltd now owns 280,763 shares of the bank’s stock valued at $6,985,000 after buying an additional 247,359 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 5,600 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total transaction of $48,720.00. Following the sale, the insider directly owned 842,958 shares in the company, valued at approximately $7,333,734.60. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the sale, the insider directly owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 21,600 shares of company stock worth $189,560. Company insiders own 1.00% of the company’s stock.

Key Stories Impacting HDFC Bank

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

• Positive Sentiment: HDFC Bank reported Q1 net profit rose about 5% year over year to Rs 19,060 crore, with net interest income up 6.7%, signaling solid core earnings momentum. Article Title
• Positive Sentiment: Management said the bank is “on the cusp of pressing the pedal,” pointing to a stronger growth push ahead as loan demand and operating momentum improve. Article Title
• Positive Sentiment: Q1 earnings call highlights showed strong deposit growth, which is important for funding future lending expansion and supports a more durable franchise outlook. Article Title
• Positive Sentiment: Market previews ahead of results had already pointed to strong loan growth and roughly flat margins, suggesting investors were expecting a resilient quarter. Article Title
• Neutral Sentiment: CEO Jagdishan described a board meeting with new chair Rajiv Kumar as “refreshing,” which is more of a governance and leadership update than a direct earnings catalyst. Article Title
• Negative Sentiment: The main offset is margin pressure: the Q1 earnings call noted strong deposits but also tighter net interest margins, which could limit near-term earnings upside. Article Title
• Negative Sentiment: Wall Street Zen downgraded HDFC Bank to “Sell,” adding a cautious analyst note that may weigh on sentiment. Article Title

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research lowered HDFC Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of HDFC Bank in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

HDFC Bank Stock Down 0.1%

Shares of HDB opened at $26.36 on Monday. The company has a market capitalization of $134.50 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.23 and a beta of 0.64. The firm has a 50 day moving average of $24.92 and a 200 day moving average of $28.10. HDFC Bank Limited has a twelve month low of $22.91 and a twelve month high of $39.81.

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).