Whittier Trust Co. of Nevada Inc. Sells 2,374 Shares of HDFC Bank Limited (NYSE:HDB)

Whittier Trust Co. of Nevada Inc. lowered its holdings in HDFC Bank Limited (NYSE:HDB) by 40.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,467 shares of the bank’s stock after selling 2,374 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in HDFC Bank were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HDB. Janiczek Wealth Management LLC bought a new stake in shares of HDFC Bank in the 1st quarter valued at approximately $35,000. Ridgewood Investments LLC acquired a new position in HDFC Bank during the second quarter worth $36,000. Northwest Investment Counselors LLC bought a new position in shares of HDFC Bank during the third quarter valued at $38,000. LRI Investments LLC acquired a new stake in shares of HDFC Bank in the 1st quarter valued at $56,000. Finally, GAMMA Investing LLC increased its position in shares of HDFC Bank by 56.0% during the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.7 %

Shares of NYSE HDB opened at $64.19 on Thursday. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.44. The firm’s 50-day simple moving average is $61.94 and its 200 day simple moving average is $60.34. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37. The company has a market cap of $119.38 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92.

Analysts Set New Price Targets

Several analysts have weighed in on HDB shares. JPMorgan Chase & Co. cut shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th.

HDFC Bank Profile

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.