Kontiki Capital Management HK Ltd. Has $253.44 Million Stock Position in HDFC Bank Limited $HDB

Kontiki Capital Management HK Ltd. grew its holdings in HDFC Bank Limited (NYSE:HDB) by 97.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,419,143 shares of the bank’s stock after buying an additional 3,661,469 shares during the quarter. HDFC Bank makes up about 13.5% of Kontiki Capital Management HK Ltd.’s investment portfolio, making the stock its 3rd largest holding. Kontiki Capital Management HK Ltd. owned approximately 0.15% of HDFC Bank worth $253,438,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Central Pacific Bank Trust Division lifted its stake in HDFC Bank by 100.0% in the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after acquiring an additional 379 shares during the period. Larson Financial Group LLC raised its holdings in HDFC Bank by 90.4% in the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after purchasing an additional 403 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of HDFC Bank by 54.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after purchasing an additional 322 shares during the period. Clearstead Advisors LLC boosted its stake in shares of HDFC Bank by 476.8% during the 3rd 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. Finally, Accent Capital Management LLC boosted its stake in shares of HDFC Bank by 100.0% during the 3rd 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. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HDB. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings cut HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, HDFC Bank presently has an average rating of “Reduce”.

HDFC Bank Trading Up 2.8%

Shares of HDB stock opened at $29.01 on Tuesday. The company’s fifty day moving average price is $32.17 and its 200-day moving average price is $34.49. The stock has a market cap of $147.98 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. HDFC Bank Limited has a 12 month low of $28.05 and a 12 month high of $39.81.

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).