Sapient Capital LLC Boosts Position in HDFC Bank Limited (NYSE:HDB)

Sapient Capital LLC grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 193.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,500 shares of the bank’s stock after buying an additional 7,575 shares during the period. Sapient Capital LLC’s holdings in HDFC Bank were worth $644,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HDB. Envestnet Portfolio Solutions Inc. boosted its position in shares of HDFC Bank by 0.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,404 shares of the bank’s stock valued at $1,504,000 after purchasing an additional 183 shares in the last quarter. Endowment Wealth Management Inc. boosted its position in shares of HDFC Bank by 4.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 4,166 shares of the bank’s stock valued at $280,000 after purchasing an additional 184 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of HDFC Bank by 36.4% during the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after purchasing an additional 185 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of HDFC Bank by 2.3% during the fourth quarter. Private Advisor Group LLC now owns 9,853 shares of the bank’s stock valued at $661,000 after purchasing an additional 218 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of HDFC Bank by 3.9% during the third quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank’s stock valued at $387,000 after purchasing an additional 245 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Down 1.3 %

HDFC Bank stock traded down $0.73 during mid-day trading on Tuesday, hitting $57.60. The company had a trading volume of 1,587,105 shares, compared to its average volume of 3,511,736. The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The stock’s 50 day moving average price is $56.34 and its two-hundred day moving average price is $58.55. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $71.39. The company has a market capitalization of $107.12 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd.

HDFC Bank Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.