HDFC Bank Limited (NYSE:HDB) Shares Sold by D1 Capital Partners L.P.

D1 Capital Partners L.P. decreased its holdings in HDFC Bank Limited (NYSE:HDB) by 43.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,924,045 shares of the bank’s stock after selling 1,507,953 shares during the quarter. HDFC Bank comprises about 2.3% of D1 Capital Partners L.P.’s portfolio, making the stock its 14th biggest position. D1 Capital Partners L.P. owned approximately 0.08% of HDFC Bank worth $120,368,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HDB. Glenmede Trust Co. NA raised its stake in HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after acquiring an additional 167 shares during the last quarter. Commerce Bank raised its stake in HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after acquiring an additional 225 shares during the last quarter. UMB Bank n.a. raised its stake in HDFC Bank by 5.4% in the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock worth $311,000 after acquiring an additional 248 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its stake in HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its stake in HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE HDB opened at $67.50 on Friday. The stock has a 50-day simple moving average of $63.32 and a two-hundred day simple moving average of $61.45. The firm has a market capitalization of $170.93 billion, a P/E ratio of 20.52, a PEG ratio of 1.79 and a beta of 0.91. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $67.76. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. On average, equities analysts forecast that HDFC Bank Limited will post 3.15 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.