Deltec Asset Management LLC increased its stake in shares of HDFC Bank Ltd. (NYSE:HDB) by 4.6% during the second quarter, Holdings Channel reports. The fund owned 62,023 shares of the company’s stock after buying an additional 2,750 shares during the period. Deltec Asset Management LLC’s holdings in HDFC Bank were worth $4,115,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of HDFC Bank during the second quarter valued at $30,810,000. Credit Agricole S A boosted its position in shares of HDFC Bank by 288.2% in the first quarter. Credit Agricole S A now owns 542,124 shares of the company’s stock valued at $33,411,000 after buying an additional 402,465 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of HDFC Bank by 3.5% in the second quarter. Fisher Asset Management LLC now owns 8,218,584 shares of the company’s stock valued at $559,110,000 after buying an additional 275,000 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of HDFC Bank by 7.8% in the first quarter. Lazard Asset Management LLC now owns 2,874,785 shares of the company’s stock valued at $177,172,000 after buying an additional 207,107 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of HDFC Bank by 10.9% in the first quarter. Wellington Management Group LLP now owns 1,820,936 shares of the company’s stock valued at $112,224,000 after buying an additional 178,326 shares during the last quarter. Institutional investors own 17.69% of the company’s stock.

Shares of HDFC Bank Ltd. (NYSE:HDB) traded up 0.38% during midday trading on Tuesday, reaching $71.85. 781,645 shares of the company traded hands. The firm has a market capitalization of $363.30 billion, a PE ratio of 191.60 and a beta of 1.28. HDFC Bank Ltd. has a 12-month low of $51.11 and a 12-month high of $74.04. The company has a 50-day moving average of $71.01 and a 200 day moving average of $65.44.

Separately, Goldman Sachs Group Inc. restated a “buy” rating on shares of HDFC Bank in a report on Wednesday, September 14th.

About HDFC Bank

HDFC Bank Limited (HDFC Bank) is a banking company. The Bank is engaged in providing a range of banking and financial services including commercial banking and treasury operations. It operates in four segments: Treasury, Retail Banking, Wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the Bank’s investment portfolio, money market borrowing and lending, gains or losses on investment operations.

5 Day Chart for NYSE:HDB

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