Kontiki Capital Management HK Ltd. Has $269.03 Million Stock Position in HDFC Bank Limited $HDB

Kontiki Capital Management HK Ltd. lessened its stake in HDFC Bank Limited (NYSE:HDB) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,362,626 shares of the bank’s stock after selling 56,517 shares during the period. HDFC Bank accounts for 15.6% of Kontiki Capital Management HK Ltd.’s portfolio, making the stock its 2nd biggest holding. Kontiki Capital Management HK Ltd.’s holdings in HDFC Bank were worth $269,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HDB. Larson Financial Group LLC grew its position in HDFC Bank by 90.4% in the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock valued at $29,000 after buying an additional 403 shares in the last quarter. Accent Capital Management LLC grew its position in HDFC Bank by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after buying an additional 459 shares in the last quarter. Clearstead Advisors LLC grew its position in HDFC Bank by 476.8% in the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after buying an additional 739 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its position in HDFC Bank by 100.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after buying an additional 498 shares in the last quarter. Finally, Graney & King LLC grew its position in HDFC Bank by 100.0% in the 3rd quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock valued at $41,000 after buying an additional 600 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 2.7%

NYSE:HDB opened at $23.39 on Friday. HDFC Bank Limited has a twelve month low of $23.31 and a twelve month high of $39.81. The company has a 50-day moving average of $25.11 and a 200-day moving average of $30.39. The firm has a market cap of $119.33 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.08 and a beta of 0.65.

Insider Activity

In other news, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the completion of the transaction, the insider owned 638,422 shares in the company, valued at approximately $5,567,039.84. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ashish Parthasarthy sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $8.94, for a total transaction of $53,640.00. Following the transaction, the insider owned 848,558 shares of the company’s stock, valued at approximately $7,586,108.52. This trade represents a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 31,600 shares of company stock valued at $271,660. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

About HDFC Bank

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).