HDFC Bank Limited (NYSE:HDB) Shares Purchased by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,345 shares of the bank’s stock after acquiring an additional 427 shares during the quarter. Wealthstream Advisors Inc.’s holdings in HDFC Bank were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. lifted its position in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. Sierra Ocean LLC acquired a new position in HDFC Bank in the fourth quarter valued at about $42,000. Kestra Investment Management LLC acquired a new position in HDFC Bank in the fourth quarter valued at about $60,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in HDFC Bank in the third quarter valued at about $65,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Down 0.2 %

Shares of NYSE:HDB opened at $59.46 on Monday. 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 firm has a market capitalization of $150.56 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. The firm’s 50-day moving average is $61.36 and its two-hundred day moving average is $62.45. HDFC Bank Limited has a 1 year low of $53.00 and a 1 year high of $68.50.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

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