HDFC Bank Ltd. (NYSE:HDB)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $69.99 and last traded at $69.21, with a volume of 280,949 shares traded. The stock had previously closed at $69.04.

The company has a market cap of $350.25 billion and a price-to-earnings ratio of 177.84. The stock’s 50-day moving average is $66.87 and its 200-day moving average is $61.65.

Several hedge funds have added to or reduced their stakes in HDB. Principal Financial Group Inc. increased its stake in HDFC Bank by 63.5% in the fourth quarter. Principal Financial Group Inc. now owns 916,624 shares of the company’s stock valued at $56,464,000 after buying an additional 356,159 shares during the period. Jennison Associates LLC increased its stake in HDFC Bank by 6,604.4% in the fourth quarter. Jennison Associates LLC now owns 220,574 shares of the company’s stock valued at $13,587,000 after buying an additional 217,284 shares during the period. Egerton Capital UK LLP increased its stake in HDFC Bank by 12.8% in the fourth quarter. Egerton Capital UK LLP now owns 1,082,728 shares of the company’s stock valued at $66,696,000 after buying an additional 122,601 shares during the period. Morgan Stanley increased its stake in HDFC Bank by 6.7% in the fourth quarter. Morgan Stanley now owns 1,633,279 shares of the company’s stock valued at $100,611,000 after buying an additional 102,555 shares during the period. Finally, New Vernon Capital Holdings II LLC increased its stake in HDFC Bank by 110.6% in the fourth quarter. New Vernon Capital Holdings II LLC now owns 66,636 shares of the company’s stock valued at $4,105,000 after buying an additional 35,000 shares during the period.

HDFC Bank Limited (HDFC Bank) is a banking company. The Bank is engaged in providing a range of banking and financial services including commercial banking and treasury operations. It operates in four segments: Treasury, Retail Banking, Wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the Bank’s investment portfolio, money market borrowing and lending, gains or losses on investment operations.

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