Breakout Capital Partners LP Has $16.73 Million Position in HDFC Bank Limited $HDB

Breakout Capital Partners LP increased its holdings in HDFC Bank Limited (NYSE:HDB) by 100.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 489,680 shares of the bank’s stock after purchasing an additional 244,840 shares during the period. HDFC Bank accounts for 12.4% of Breakout Capital Partners LP’s holdings, making the stock its 5th biggest holding. Breakout Capital Partners LP’s holdings in HDFC Bank were worth $16,727,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hudson Edge Investment Partners Inc. increased its holdings in shares of HDFC Bank by 100.6% in the third quarter. Hudson Edge Investment Partners Inc. now owns 1,506,200 shares of the bank’s stock worth $51,452,000 after purchasing an additional 755,200 shares during the last quarter. Jacobson & Schmitt Advisors LLC lifted its position in shares of HDFC Bank by 97.7% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 383,137 shares of the bank’s stock worth $13,088,000 after buying an additional 189,303 shares in the last quarter. ABN Amro Investment Solutions boosted its stake in HDFC Bank by 100.0% during the third quarter. ABN Amro Investment Solutions now owns 209,050 shares of the bank’s stock valued at $7,141,000 after buying an additional 104,525 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in HDFC Bank by 102.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,369,307 shares of the bank’s stock valued at $80,936,000 after buying an additional 1,199,084 shares in the last quarter. Finally, Impax Asset Management Group plc grew its holdings in HDFC Bank by 77.3% during the 3rd quarter. Impax Asset Management Group plc now owns 1,687,380 shares of the bank’s stock valued at $57,641,000 after buying an additional 735,409 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

HDFC Bank stock opened at $28.25 on Friday. The firm has a market capitalization of $144.11 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. HDFC Bank Limited has a 1-year low of $28.05 and a 1-year high of $39.81. The company’s 50-day moving average is $32.28 and its 200 day moving average is $34.55.

Analysts Set New Price Targets

HDB has been the topic of several recent research 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 shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

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).