William Blair Investment Management LLC Has $12.36 Million Position in HDFC Bank Limited $HDB

William Blair Investment Management LLC cut its stake in shares of HDFC Bank Limited (NYSE:HDB) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,403 shares of the bank’s stock after selling 101,150 shares during the quarter. William Blair Investment Management LLC’s holdings in HDFC Bank were worth $12,364,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HDB. Larson Financial Group LLC raised its holdings in shares of HDFC Bank by 90.4% during the third 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. Parkside Financial Bank & Trust boosted its position in shares of HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after purchasing an additional 322 shares in the last quarter. Accent Capital Management LLC grew its stake in shares of 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 buying an additional 459 shares during the period. Clearstead Advisors LLC increased 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 buying an additional 739 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. increased its position in HDFC Bank by 100.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after buying an additional 498 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Transactions at HDFC Bank

In other news, insider N Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the completion of the sale, the insider directly owned 638,422 shares of the company’s stock, valued at $5,567,039.84. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ashish Parthasarthy sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total transaction of $53,640.00. Following the completion of the sale, the insider owned 848,558 shares in the company, valued at $7,586,108.52. This represents a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,600 shares of company stock valued at $271,660 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

HDFC Bank Trading Up 0.0%

Shares of HDB stock opened at $24.75 on Tuesday. The firm has a fifty day simple moving average of $25.64 and a two-hundred day simple moving average of $31.13. HDFC Bank Limited has a 12 month low of $23.75 and a 12 month high of $39.81. The firm has a market capitalization 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 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).