Alpha Cubed Investments LLC Sells 1,940 Shares of HDFC Bank Limited (NYSE:HDB)

Alpha Cubed Investments LLC trimmed its position in shares of HDFC Bank Limited (NYSE:HDB) by 22.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,845 shares of the bank’s stock after selling 1,940 shares during the period. Alpha Cubed Investments LLC’s holdings in HDFC Bank were worth $437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in HDFC Bank by 2,092.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after buying an additional 3,262,442 shares during the period. TPG GP A LLC bought a new position in HDFC Bank during the second quarter worth $95,637,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in HDFC Bank by 130.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock valued at $140,593,000 after purchasing an additional 1,236,100 shares during the last quarter. FMR LLC boosted its holdings in HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after purchasing an additional 1,114,210 shares during the period. Finally, Eminence Capital LP acquired a new stake in HDFC Bank in the 2nd quarter worth $68,340,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $58.90 on Wednesday. The business’s 50 day moving average is $63.90 and its 200-day moving average is $62.45. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $149.16 billion, a PE ratio of 17.90, a PEG ratio of 1.66 and a beta of 0.92. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. Sell-side analysts predict that HDFC Bank Limited will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank 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.