HDFC Bank Limited (NYSE:HDB) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC reduced its position in shares of HDFC Bank Limited (NYSE:HDB) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,105 shares of the bank’s stock after selling 717 shares during the period. FourThought Financial Partners LLC’s holdings in HDFC Bank were worth $581,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Wealthstream Advisors Inc. increased its stake in HDFC Bank by 10.9% in the fourth quarter. Wealthstream Advisors Inc. now owns 4,345 shares of the bank’s stock valued at $277,000 after purchasing an additional 427 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of HDFC Bank in the 4th quarter worth $258,000. IFP Advisors Inc boosted its holdings in HDFC Bank by 2,310.1% in the fourth quarter. IFP Advisors Inc now owns 5,013 shares of the bank’s stock valued at $320,000 after acquiring an additional 4,805 shares during the last quarter. Waverton Investment Management Ltd raised its holdings in shares of HDFC Bank by 1.0% in the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank’s stock worth $1,275,000 after purchasing an additional 203 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in HDFC Bank during the 4th quarter worth approximately $1,077,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Up 0.8 %

HDB stock opened at $60.13 on Wednesday. The company has a market capitalization of $152.25 billion, a P/E ratio of 18.28, a PEG ratio of 2.12 and a beta of 0.91. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a twelve month low of $53.00 and a twelve month high of $68.50. The firm has a 50 day simple moving average of $61.11 and a 200-day simple moving average of $62.44.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

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.