Naples Global Advisors LLC Has $1.75 Million Stake in HDFC Bank Limited (NYSE:HDB)

Naples Global Advisors LLC boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,414 shares of the bank’s stock after buying an additional 905 shares during the period. Naples Global Advisors LLC’s holdings in HDFC Bank were worth $1,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Temasek Holdings Private Ltd lifted its stake in shares of HDFC Bank by 1.6% in the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock valued at $523,453,000 after purchasing an additional 132,445 shares during the period. FMR LLC lifted its stake in HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares during the period. Franklin Resources Inc. lifted its stake in HDFC Bank by 9.0% in the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after buying an additional 560,880 shares during the period. Wellington Management Group LLP boosted its holdings in HDFC Bank by 2.2% during the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after buying an additional 108,312 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of HDFC Bank by 1.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock worth $302,970,000 after buying an additional 51,736 shares during the period. 17.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on HDB shares. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

HDFC Bank Trading Down 0.1 %

NYSE:HDB opened at $60.25 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The business’s 50-day simple moving average is $62.37 and its 200-day simple moving average is $62.40. HDFC Bank Limited has a fifty-two week low of $52.31 and a fifty-two week high of $68.50. The stock has a market capitalization of $152.56 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91.

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 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%. Sell-side analysts expect that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

About HDFC Bank

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.