HDFC Bank Limited (NYSE:HDB) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in shares of HDFC Bank Limited (NYSE:HDB) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,704,454 shares of the bank’s stock after selling 138,416 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.19% of HDFC Bank worth $300,426,000 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. GQG Partners LLC lifted its stake in shares of HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock worth $503,431,000 after acquiring an additional 3,364,114 shares during the period. Schroder Investment Management Group lifted its position in HDFC Bank by 82.1% in the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock worth $447,584,000 after purchasing an additional 3,160,533 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in HDFC Bank by 172.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after purchasing an additional 2,140,591 shares in the last quarter. National Bank of Canada FI increased its position in shares of HDFC Bank by 3,535.1% during the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank’s stock valued at $122,718,000 after purchasing an additional 1,868,804 shares during the period. Finally, Egerton Capital UK LLP bought a new stake in shares of HDFC Bank in the 4th quarter worth $72,833,000. Institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

HDB has been the topic of a number of research analyst reports. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Trading Up 1.4 %

Shares of NYSE HDB opened at $66.14 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50. The company has a market cap of $167.49 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. The business has a fifty day simple moving average of $61.41 and a 200-day simple moving average of $62.74.

HDFC Bank (NYSE:HDB) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping 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%. Sell-side analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank Company 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.