Goldman Sachs Group Inc. restated their buy rating on shares of HDFC Bank Ltd. (NYSE:HDB) in a research note issued to investors on Wednesday morning.

Shares of HDFC Bank (NYSE:HDB) opened at 71.58 on Wednesday. The stock has a market cap of $361.94 billion, a P/E ratio of 189.37 and a beta of 1.28. The firm has a 50-day moving average of $71.01 and a 200-day moving average of $65.44. HDFC Bank has a 52-week low of $51.11 and a 52-week high of $74.04.

Several large investors have recently bought and sold shares of the company. 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 worth $559,110,000 after buying an additional 275,000 shares in the last quarter. WCM Investment Management CA boosted its position in shares of HDFC Bank by 5.4% in the second quarter. WCM Investment Management CA now owns 5,596,839 shares of the company’s stock worth $371,350,000 after buying an additional 288,833 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of HDFC Bank by 20.9% in the second quarter. William Blair Investment Management LLC now owns 2,905,335 shares of the company’s stock worth $192,769,000 after buying an additional 502,672 shares in 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 worth $177,172,000 after buying an additional 207,107 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of HDFC Bank by 31.1% in the second quarter. Royal Bank of Canada now owns 2,781,565 shares of the company’s stock worth $184,558,000 after buying an additional 660,250 shares in the last quarter. 17.69% of the stock is owned by institutional investors and hedge funds.

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.

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