HDFC Bank Limited (NYSE:HDB) is Kontiki Capital Management HK Ltd.’s 2nd Largest Position

Kontiki Capital Management HK Ltd. boosted its stake in HDFC Bank Limited (NYSE:HDB) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,611,169 shares of the bank’s stock after acquiring an additional 354,348 shares during the period. HDFC Bank comprises approximately 20.1% of Kontiki Capital Management HK Ltd.’s portfolio, making the stock its 2nd largest position. Kontiki Capital Management HK Ltd. owned approximately 0.14% of HDFC Bank worth $230,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE raised its holdings in HDFC Bank by 12.7% during the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank’s stock worth $10,068,000 after purchasing an additional 17,800 shares in the last quarter. Trinity Street Asset Management LLP raised its holdings in HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock worth $234,641,000 after purchasing an additional 252,600 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in HDFC Bank during the fourth quarter worth about $2,907,000. Citigroup Inc. grew its position in HDFC Bank by 21.1% during the third quarter. Citigroup Inc. now owns 1,143,853 shares of the bank’s stock worth $71,559,000 after buying an additional 199,582 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in HDFC Bank by 60.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 316,974 shares of the bank’s stock worth $19,830,000 after buying an additional 119,050 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HDB. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Up 1.3 %

HDB stock opened at $64.54 on Friday. The company’s 50 day simple moving average is $60.26 and its 200-day simple moving average is $62.48. The firm has a market capitalization of $163.42 billion, a PE ratio of 19.62, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 12 month low of $54.07 and a 12 month high of $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

About HDFC Bank

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.