HDFC Bank Limited (HDB) Stake Lessened by Tahithromos L.L.C.
Tahithromos L.L.C. reduced its stake in shares of HDFC Bank Limited (NYSE:HDB) by 50.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,000 shares of the bank’s stock after selling 175,000 shares during the quarter. HDFC Bank Limited makes up approximately 20.4% of Tahithromos L.L.C.’s investment portfolio, making the stock its largest position. Tahithromos L.L.C.’s holdings in HDFC Bank Limited were worth $16,865,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. First Interstate Bank purchased a new stake in HDFC Bank Limited in the second quarter worth about $103,000. Parallel Advisors LLC lifted its stake in HDFC Bank Limited by 14.8% in the second quarter. Parallel Advisors LLC now owns 1,469 shares of the bank’s stock worth $142,000 after acquiring an additional 189 shares during the period. Huntington National Bank lifted its stake in HDFC Bank Limited by 4.9% in the second quarter. Huntington National Bank now owns 1,730 shares of the bank’s stock worth $150,000 after acquiring an additional 81 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in HDFC Bank Limited in the second quarter worth about $156,000. Finally, Creative Planning lifted its stake in HDFC Bank Limited by 7.1% in the second quarter. Creative Planning now owns 1,821 shares of the bank’s stock worth $158,000 after acquiring an additional 121 shares during the period. 17.72% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of HDFC Bank Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. HDFC Bank Limited currently has an average rating of “Buy” and an average target price of $110.00.
HDFC Bank Limited (HDB) traded up $1.24 during trading hours on Friday, reaching $97.92. 450,800 shares of the company were exchanged, compared to its average volume of 719,377. HDFC Bank Limited has a 52 week low of $59.00 and a 52 week high of $100.26. The stock has a market capitalization of $83,641.50, a price-to-earnings ratio of 36.81, a PEG ratio of 1.12 and a beta of 0.83. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.71.
WARNING: “HDFC Bank Limited (HDB) Stake Lessened by Tahithromos L.L.C.” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/hdfc-bank-limited-hdb-stake-lessened-by-tahithromos-l-l-c/1724053.html.
HDFC Bank Limited Profile
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB).
Receive News & Ratings for HDFC Bank Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.