Capital World Investors Purchases 22,252 Shares of HDFC Bank Limited $HDB

Capital World Investors grew its stake in HDFC Bank Limited (NYSE:HDB) by 0.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,248,902 shares of the bank’s stock after purchasing an additional 22,252 shares during the quarter. Capital World Investors’ holdings in HDFC Bank were worth $155,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HDB. NewEdge Advisors LLC raised its position in shares of HDFC Bank by 8.6% in the first quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock valued at $776,000 after buying an additional 922 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in HDFC Bank by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock valued at $58,723,000 after acquiring an additional 13,435 shares during the last quarter. Sivia Capital Partners LLC increased its stake in HDFC Bank by 24.5% in the second quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock valued at $601,000 after acquiring an additional 1,541 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in HDFC Bank by 464.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,484 shares of the bank’s stock valued at $114,000 after acquiring an additional 1,221 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in HDFC Bank by 29.3% in the second quarter. First Trust Advisors LP now owns 51,551 shares of the bank’s stock valued at $3,952,000 after acquiring an additional 11,689 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of HDFC Bank in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Insiders Place Their Bets

In other HDFC Bank news, insider N Srinivasan sold 10,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the sale, the insider owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ashish Parthasarthy sold 5,600 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total transaction of $48,720.00. Following the sale, the insider directly owned 842,958 shares in the company, valued at approximately $7,333,734.60. The trade was a 0.66% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 31,600 shares of company stock worth $271,660. Insiders own 1.00% of the company’s stock.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $23.04 on Tuesday. The company’s 50 day simple moving average is $25.07 and its 200 day simple moving average is $30.25. The stock has a market capitalization of $117.51 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.08 and a beta of 0.65. HDFC Bank Limited has a 1 year low of $22.91 and a 1 year high of $39.81.

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).