Naples Global Advisors LLC Increases Stock Position in HDFC Bank Limited $HDB

Naples Global Advisors LLC increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 107.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,573 shares of the bank’s stock after purchasing an additional 31,419 shares during the period. Naples Global Advisors LLC’s holdings in HDFC Bank were worth $2,069,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Aubrey Capital Management Ltd lifted its holdings in HDFC Bank by 30.7% during the third quarter. Aubrey Capital Management Ltd now owns 30,737 shares of the bank’s stock worth $1,050,000 after buying an additional 7,225 shares during the period. Hudson Edge Investment Partners Inc. raised its position in shares of HDFC Bank by 100.6% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 1,506,200 shares of the bank’s stock worth $51,452,000 after acquiring an additional 755,200 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in shares of HDFC Bank by 4,118.8% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,350 shares of the bank’s stock worth $46,000 after acquiring an additional 1,318 shares in the last quarter. Boston Common Asset Management LLC lifted its stake in shares of HDFC Bank by 88.0% during the 3rd quarter. Boston Common Asset Management LLC now owns 849,699 shares of the bank’s stock worth $29,026,000 after purchasing an additional 397,841 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of HDFC Bank by 64.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 27,448 shares of the bank’s stock worth $938,000 after purchasing an additional 10,724 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

HDFC Bank stock opened at $32.02 on Friday. The stock has a market cap of $163.36 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.29 and a beta of 0.57. The stock has a 50-day moving average of $35.16 and a two-hundred day moving average of $36.00. HDFC Bank Limited has a one year low of $29.04 and a one year high of $39.81.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $16.48 billion for the quarter, compared to analyst estimates of $5.12 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.92%. As a group, sell-side analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on HDB. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday. Finally, Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

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).