HDFC Bank Limited $HDB Shares Bought by Marietta Investment Partners LLC

Marietta Investment Partners LLC raised its holdings in HDFC Bank Limited (NYSE:HDB) by 99.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,722 shares of the bank’s stock after purchasing an additional 90,209 shares during the period. HDFC Bank accounts for approximately 1.2% of Marietta Investment Partners LLC’s portfolio, making the stock its 26th largest holding. Marietta Investment Partners LLC’s holdings in HDFC Bank were worth $6,173,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Central Pacific Bank Trust Division lifted its stake in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after buying an additional 379 shares in 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. Accent Capital Management LLC boosted its stake in shares of HDFC Bank by 100.0% during the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after acquiring an additional 459 shares during the last quarter. Clearstead Advisors LLC increased its position in HDFC Bank by 476.8% during the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after purchasing an additional 739 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its stake in HDFC Bank by 100.0% in the 3rd quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock valued at $35,000 after purchasing an additional 510 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings raised shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

HDFC Bank Stock Performance

HDB opened at $30.42 on Friday. HDFC Bank Limited has a 1 year low of $29.23 and a 1 year high of $39.81. The company’s 50 day simple moving average is $33.17 and its 200 day simple moving average is $34.91. The stock has a market capitalization of $155.19 billion, a PE ratio of 18.27, a P/E/G ratio of 1.28 and a beta of 0.56.

HDFC Bank Company 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).