Prime Capital Investment Advisors LLC Purchases 308 Shares of HDFC Bank Limited (NYSE:HDB)

Prime Capital Investment Advisors LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,576 shares of the bank’s stock after acquiring an additional 308 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in HDFC Bank were worth $1,600,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HDB. Ridgewood Investments LLC acquired a new stake in HDFC Bank during the second quarter worth approximately $36,000. Northwest Investment Counselors LLC acquired a new position in shares of HDFC Bank during the 3rd quarter valued at $38,000. JFS Wealth Advisors LLC boosted its stake in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after acquiring an additional 275 shares in the last quarter. LRI Investments LLC bought a new stake in HDFC Bank in the first quarter valued at $56,000. Finally, GAMMA Investing LLC raised its holdings in shares of HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after purchasing an additional 324 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

HDB opened at $61.94 on Friday. The company has a market cap of $156.84 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.63 and a beta of 0.91. The company’s fifty day moving average price is $62.81 and its two-hundred day moving average price is $60.93. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, analysts expect that HDFC Bank Limited will post 3.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HDB. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com upgraded HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.