HDFC Bank Ltd. (HDB) Sets New 1-Year High at $71.84
HDFC Bank Ltd. (NYSE:HDB)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $71.84 and last traded at $71.05, with a volume of 481,798 shares traded. The stock had previously closed at $71.54.
Separately, Goldman Sachs Group Inc. upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, August 2nd.
The stock has a market cap of $359.26 billion and a PE ratio of 188.96. The company has a 50-day moving average price of $69.48 and a 200-day moving average price of $63.43.
Other hedge funds recently bought and sold shares of the company. 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 last quarter. Ameriprise Financial Inc. increased its stake in HDFC Bank by 9.9% in the fourth quarter. Ameriprise Financial Inc. now owns 1,221,316 shares of the company’s stock valued at $75,219,000 after buying an additional 109,736 shares during the last quarter. Finally, RS Investment Management Co. LLC increased its stake in HDFC Bank by 5.4% in the fourth quarter. RS Investment Management Co. LLC now owns 103,298 shares of the company’s stock valued at $6,363,000 after buying an additional 5,264 shares during the last quarter.
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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