Temasek Holdings Private Ltd Raises Holdings in HDFC Bank Limited $HDB

Temasek Holdings Private Ltd increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 22.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,873,380 shares of the bank’s stock after acquiring an additional 1,977,718 shares during the period. HDFC Bank comprises 1.3% of Temasek Holdings Private Ltd’s holdings, making the stock its 18th largest position. Temasek Holdings Private Ltd owned approximately 0.21% of HDFC Bank worth $371,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Central Pacific Bank Trust Division boosted its position in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after purchasing an additional 379 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after purchasing an additional 322 shares during the period. Accent Capital Management LLC increased its holdings in shares of HDFC Bank by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares in the last quarter. Clearstead Advisors LLC lifted its stake in shares of 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 purchasing an additional 739 shares during the period. Finally, J.Safra Asset Management Corp lifted its stake in shares of 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 period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HDB has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

HDFC Bank Trading Down 0.5%

Shares of HDB opened at $28.25 on Friday. The firm has a market cap of $144.11 billion, a P/E ratio of 16.97, a PEG ratio of 1.18 and a beta of 0.56. HDFC Bank Limited has a 12 month low of $28.05 and a 12 month high of $39.81. The stock’s 50 day moving average is $32.28 and its two-hundred day moving average is $34.56.

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).