HDFC Bank Limited $HDB Holdings Decreased by Indus Capital Partners LLC

Indus Capital Partners LLC lowered its position in shares of HDFC Bank Limited (NYSE:HDB) by 11.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 743,077 shares of the bank’s stock after selling 91,600 shares during the quarter. HDFC Bank comprises approximately 71.3% of Indus Capital Partners LLC’s holdings, making the stock its largest holding. Indus Capital Partners LLC’s holdings in HDFC Bank were worth $56,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in shares of HDFC Bank by 81.0% in the 1st quarter. BNP Paribas Financial Markets now owns 568,407 shares of the bank’s stock worth $37,765,000 after acquiring an additional 254,395 shares during the last quarter. Acadian Asset Management LLC purchased a new position in HDFC Bank in the 1st quarter worth about $19,366,000. Immersion Capital LLP acquired a new stake in HDFC Bank during the 1st quarter worth about $19,753,000. Freemont Capital Pte Ltd purchased a new stake in HDFC Bank during the second quarter valued at about $1,073,000. Finally, Eminence Capital LP boosted its holdings in shares of HDFC Bank by 18.9% in the first quarter. Eminence Capital LP now owns 1,186,551 shares of the bank’s stock worth $78,834,000 after buying an additional 189,015 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HDB shares. Weiss Ratings restated a “hold (c-)” rating on shares of HDFC Bank in a report on Friday, November 28th. Wall Street Zen downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

HDFC Bank Stock Up 0.3%

HDB stock opened at $36.00 on Friday. The company has a 50 day moving average of $35.92 and a two-hundred day moving average of $36.73. The company has a market cap of $183.63 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.61 and a beta of 0.58. HDFC Bank Limited has a 12-month low of $28.89 and a 12-month high of $39.81.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The business had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $4.98 billion. On average, research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

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.