Union Bancaire Privee UBP SA Trims Stock Holdings in HDFC Bank Limited $HDB

Union Bancaire Privee UBP SA decreased its position in HDFC Bank Limited (NYSE:HDB) by 72.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,116 shares of the bank’s stock after selling 29,536 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in HDFC Bank were worth $268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HDB. Larson Financial Group LLC boosted its stake in HDFC Bank by 90.4% during the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after acquiring an additional 403 shares in the last quarter. Clearstead Advisors LLC increased its stake in shares of HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after purchasing an additional 739 shares in the last quarter. Accent Capital Management LLC increased its stake in shares of HDFC Bank by 100.0% during the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in shares of HDFC Bank by 100.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after purchasing an additional 498 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its holdings in shares of HDFC Bank by 260.9% during the first quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,002 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $25.72 on Monday. HDFC Bank Limited has a 1 year low of $22.91 and a 1 year high of $39.81. The firm’s 50-day moving average is $24.79 and its 200 day moving average is $29.12. The stock has a market cap of $131.19 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.19 and a beta of 0.65.

Insider Activity at HDFC Bank

In related news, insider Ashish Parthasarthy sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were 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 of the company’s stock, valued at $7,586,108.52. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the sale, the insider directly owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This trade represents a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 21,600 shares of company stock worth $189,560. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

HDB has been the topic of a number of analyst reports. Zacks Research cut HDFC Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

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).