Hantz Financial Services Inc. Has $8.08 Million Position in HDFC Bank Limited $HDB

Hantz Financial Services Inc. boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 15.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 221,185 shares of the bank’s stock after purchasing an additional 29,076 shares during the quarter. Hantz Financial Services Inc.’s holdings in HDFC Bank were worth $8,082,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its position in HDFC Bank by 90.4% in the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock valued at $29,000 after purchasing an additional 403 shares during the period. Clearstead Advisors LLC grew its position in HDFC Bank by 476.8% in the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after purchasing an additional 739 shares during the period. Parkside Financial Bank & Trust grew its position in HDFC Bank by 54.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after purchasing an additional 322 shares during the period. Accent Capital Management LLC grew its position in HDFC Bank by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in HDFC Bank in the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Insiders Place Their Bets

In other news, insider Ashish Parthasarthy sold 5,600 shares of HDFC Bank stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total transaction of $48,720.00. Following the sale, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $8.72, for a total value of $87,200.00. Following the sale, the insider owned 638,422 shares in the company, valued at $5,567,039.84. The trade was a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,600 shares of company stock worth $271,660 over the last quarter. Company insiders own 1.00% of the company’s stock.

HDFC Bank Trading Up 0.0%

Shares of NYSE:HDB opened at $24.75 on Tuesday. The stock’s fifty day simple moving average is $25.64 and its two-hundred day simple moving average is $31.13. HDFC Bank Limited has a 1-year low of $23.75 and a 1-year high of $39.81. The stock has a market cap of $126.24 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.15 and a beta of 0.68.

HDFC Bank 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).