37,310 Shares in HDFC Bank Limited $HDB Bought by Eurizon SLJ Capital Ltd

Eurizon SLJ Capital Ltd purchased a new position in shares of HDFC Bank Limited (NYSE:HDB) during the fourth quarter, Holdings Channel.com reports. The fund purchased 37,310 shares of the bank’s stock, valued at approximately $1,363,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its holdings in HDFC Bank by 137.6% during the third quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank’s stock worth $861,554,000 after buying an additional 14,606,422 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in HDFC Bank by 104.4% during the third quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank’s stock worth $656,035,000 after buying an additional 9,808,890 shares in the last quarter. Franklin Resources Inc. boosted its holdings in HDFC Bank by 106.1% during the third quarter. Franklin Resources Inc. now owns 13,884,943 shares of the bank’s stock worth $474,310,000 after buying an additional 7,147,440 shares in the last quarter. Wellington Management Group LLP boosted its holdings in HDFC Bank by 94.3% during the third quarter. Wellington Management Group LLP now owns 13,155,196 shares of the bank’s stock worth $449,381,000 after buying an additional 6,386,002 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in HDFC Bank by 6.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 12,392,854 shares of the bank’s stock worth $452,835,000 after buying an additional 791,226 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

HDFC Bank Stock Up 0.5%

HDB opened at $23.78 on Friday. The company has a market cap of $121.29 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.10 and a beta of 0.68. HDFC Bank Limited has a 52-week low of $23.31 and a 52-week high of $39.81. The firm’s fifty day simple moving average is $25.31 and its two-hundred day simple moving average is $30.84.

Insider Buying and Selling at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 6,000 shares of the stock in a transaction 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 transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the 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 owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 31,600 shares of company stock worth $271,660. Insiders own 1.00% of the company’s stock.

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).