HDFC Bank Limited (NYSE:HDB) Shares Sold by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. lowered its position in shares of HDFC Bank Limited (NYSE:HDB) by 30.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 507,685 shares of the bank’s stock after selling 218,379 shares during the quarter. HDFC Bank comprises approximately 2.3% of Keystone Investors PTE Ltd.’s holdings, making the stock its 16th largest holding. Keystone Investors PTE Ltd.’s holdings in HDFC Bank were worth $32,421,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HDB. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the 4th quarter valued at $29,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after purchasing an additional 254 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of HDFC Bank in the fourth quarter worth about $42,000. Kestra Investment Management LLC acquired a new stake in shares of HDFC Bank in the fourth quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of HDFC Bank during the 3rd quarter valued at about $65,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

HDFC Bank stock opened at $65.81 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average of $60.41 and a 200-day moving average of $62.52. The stock has a market cap of $166.66 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52 week low of $54.07 and a 52 week high of $68.50.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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, analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

HDB has been the topic of a number of analyst reports. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note 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.