HDFC Bank Limited (NYSE:HDB) is Oaktree Fund Advisors LLC’s 3rd Largest Position

Oaktree Fund Advisors LLC trimmed its position in shares of HDFC Bank Limited (NYSE:HDB) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,877 shares of the bank’s stock after selling 9,187 shares during the period. HDFC Bank comprises 7.4% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 3rd largest position. Oaktree Fund Advisors LLC’s holdings in HDFC Bank were worth $4,398,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank during the fourth quarter valued at approximately $29,000. Graney & King LLC purchased a new position in shares of HDFC Bank during the fourth quarter valued at about $38,000. Brown Brothers Harriman & Co. raised its stake in HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after buying an additional 240 shares in the last quarter. Sierra Ocean LLC purchased a new stake in HDFC Bank in the fourth quarter worth about $42,000. Finally, Kestra Investment Management LLC bought a new stake in HDFC Bank during the 4th quarter valued at approximately $60,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

Shares of HDB stock opened at $66.15 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $167.50 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a one year low of $54.99 and a one year high of $68.50. The company’s 50-day moving average is $61.01 and its 200 day moving average is $62.66.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating 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%. Sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

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.