HDFC Bank Limited (NYSE:HDB) was the target of some unusual options trading activity on Monday. Traders purchased 1,466 call options on the stock. This represents an increase of 752% compared to the average daily volume of 172 call options.
Shares of HDFC Bank (NYSE:HDB) opened at $101.34 on Thursday. HDFC Bank has a 1 year low of $59.11 and a 1 year high of $102.77. The stock has a market cap of $75,690.00, a PE ratio of 82.39, a price-to-earnings-growth ratio of 1.15 and a beta of 0.84.
A number of hedge funds and other institutional investors have recently bought and sold shares of HDB. Harding Loevner LP boosted its position in HDFC Bank by 2,141.9% during the third quarter. Harding Loevner LP now owns 78,647,160 shares of the bank’s stock valued at $248,755,000 after buying an additional 75,139,157 shares during the period. BlackRock Inc. boosted its position in HDFC Bank by 105.1% during the second quarter. BlackRock Inc. now owns 2,103,171 shares of the bank’s stock valued at $182,912,000 after buying an additional 1,077,828 shares during the period. Aberdeen Asset Management PLC UK boosted its position in HDFC Bank by 170.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,357,680 shares of the bank’s stock valued at $118,078,000 after buying an additional 854,828 shares during the period. FMR LLC boosted its position in HDFC Bank by 4.1% during the second quarter. FMR LLC now owns 14,824,081 shares of the bank’s stock valued at $1,289,251,000 after buying an additional 589,126 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in shares of HDFC Bank by 64.6% during the third quarter. Baillie Gifford & Co. now owns 1,461,230 shares of the bank’s stock worth $140,818,000 after purchasing an additional 573,395 shares during the period. Institutional investors and hedge funds own 17.29% of the company’s stock.
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HDFC Bank Company Profile
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
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