Tudor Investment Corp ET AL Boosts Position in HDFC Bank Limited $HDB

Tudor Investment Corp ET AL boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 1,651.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 169,616 shares of the bank’s stock after purchasing an additional 159,931 shares during the quarter. Tudor Investment Corp ET AL’s holdings in HDFC Bank were worth $5,794,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division boosted its position in HDFC Bank by 100.0% during the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after purchasing an additional 379 shares in the last quarter. Larson Financial Group LLC boosted its position in HDFC Bank by 90.4% during the third 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. Clearstead Advisors LLC raised its holdings in shares of HDFC Bank by 476.8% in the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after acquiring an additional 739 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of HDFC Bank by 54.5% in 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 last quarter. Finally, Accent Capital Management LLC raised its holdings in shares of HDFC Bank by 100.0% in the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock worth $31,000 after acquiring an additional 459 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of analyst reports. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings cut HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HDFC Bank presently has a consensus rating of “Reduce”.

Insider Buying and Selling at HDFC Bank

In other news, insider N Srinivasan sold 10,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $8.21, for a total transaction of $82,100.00. Following the transaction, the insider directly owned 648,422 shares in the company, valued at $5,323,544.62. This represents a 1.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

HDFC Bank Price Performance

Shares of HDB stock opened at $27.07 on Thursday. The firm has a market cap of $138.11 billion, a P/E ratio of 16.26, a PEG ratio of 0.89 and a beta of 0.67. HDFC Bank Limited has a 1-year low of $23.91 and a 1-year high of $39.81. The firm’s 50-day simple moving average is $29.74 and its 200-day simple moving average is $33.33.

HDFC Bank 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).