HDFC Bank Limited $HDB Shares Acquired by C WorldWide Group Holding A S

C WorldWide Group Holding A S boosted its position in HDFC Bank Limited (NYSE:HDB) by 133.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,362,828 shares of the bank’s stock after purchasing an additional 5,345,005 shares during the quarter. HDFC Bank comprises about 4.9% of C WorldWide Group Holding A S’s portfolio, making the stock its 8th biggest holding. C WorldWide Group Holding A S’s holdings in HDFC Bank were worth $319,834,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its position in shares of HDFC Bank by 100.0% in the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after acquiring an additional 379 shares during the period. Parkside Financial Bank & Trust increased its position in HDFC Bank by 54.5% during the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after acquiring an additional 322 shares during the period. J.Safra Asset Management Corp raised its stake in HDFC Bank by 100.0% in the 3rd quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock worth $35,000 after purchasing an additional 510 shares in the last quarter. Roxbury Financial LLC boosted its holdings in HDFC Bank by 194.9% in the 3rd quarter. Roxbury Financial LLC now owns 1,162 shares of the bank’s stock valued at $40,000 after purchasing an additional 768 shares during the period. Finally, Whipplewood Advisors LLC grew its position in shares of HDFC Bank by 112.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after purchasing an additional 290 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HDB. Weiss Ratings raised shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, HDFC Bank currently has a consensus rating of “Hold”.

HDFC Bank Trading Up 1.1%

Shares of HDFC Bank stock opened at $33.94 on Thursday. The company has a market cap of $173.14 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.36 and a beta of 0.57. The company has a 50 day moving average of $34.55 and a 200-day moving average of $35.70. HDFC Bank Limited has a 1-year low of $29.23 and a 1-year high of $39.81.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. The business had revenue of $16.48 billion during the quarter, compared to the consensus estimate of $5.12 billion. Research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

About HDFC Bank

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).