XY Capital Ltd Makes New $1.67 Million Investment in HDFC Bank Limited $HDB

XY Capital Ltd purchased a new position in shares of HDFC Bank Limited (NYSE:HDB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 48,921 shares of the bank’s stock, valued at approximately $1,671,000. HDFC Bank comprises approximately 0.9% of XY Capital Ltd’s holdings, making the stock its 25th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division boosted its holdings in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after purchasing an additional 379 shares during the period. Parkside Financial Bank & Trust raised its position in shares of HDFC Bank by 54.5% during the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after buying an additional 322 shares during the last quarter. Accent Capital Management LLC lifted its stake in shares of HDFC Bank by 100.0% in the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after buying an additional 459 shares during the period. Clearstead Advisors LLC grew its position in HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after buying an additional 739 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its stake in HDFC Bank by 100.0% during the third quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock valued at $35,000 after acquiring an additional 510 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 0.5%

Shares of HDB opened at $28.25 on Friday. The stock has a market cap of $144.11 billion, a PE ratio of 16.97, a PEG ratio of 1.18 and a beta of 0.56. HDFC Bank Limited has a 1 year low of $28.05 and a 1 year high of $39.81. The stock has a 50 day simple moving average of $32.28 and a 200-day simple moving average of $34.56.

Wall Street Analyst Weigh In

HDB has been the topic of several recent research reports. Weiss Ratings lowered HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

HDFC Bank Company 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).