Baillie Gifford & Co. raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,339,362 shares of the bank’s stock after acquiring an additional 20,448 shares during the quarter. Baillie Gifford & Co. owned about 0.16% of HDFC Bank worth $126,034,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of HDB. Temasek Holdings Private Ltd boosted its position in HDFC Bank by 117.1% during the second quarter. Temasek Holdings Private Ltd now owns 1,391,165 shares of the bank’s stock valued at $146,100,000 after acquiring an additional 750,295 shares during the last quarter. FMR LLC boosted its position in shares of HDFC Bank by 3.6% during the 3rd quarter. FMR LLC now owns 13,647,474 shares of the bank’s stock worth $1,284,227,000 after purchasing an additional 470,344 shares in the last quarter. WCM Investment Management CA boosted its position in shares of HDFC Bank by 5.2% during the 2nd quarter. WCM Investment Management CA now owns 8,843,969 shares of the bank’s stock worth $928,794,000 after purchasing an additional 440,949 shares in the last quarter. Jennison Associates LLC boosted its position in shares of HDFC Bank by 30.5% during the 3rd quarter. Jennison Associates LLC now owns 1,644,285 shares of the bank’s stock worth $154,727,000 after purchasing an additional 384,179 shares in the last quarter. Finally, Segantii Capital Management Ltd bought a new position in shares of HDFC Bank during the 2nd quarter worth about $30,756,000. 17.68% of the stock is currently owned by institutional investors and hedge funds.
HDB has been the topic of a number of research analyst reports. ValuEngine cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th.
HDB stock opened at $101.75 on Friday. The stock has a market cap of $83.76 billion, a PE ratio of 32.72, a P/E/G ratio of 1.17 and a beta of 0.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.79. HDFC Bank Limited has a 1 year low of $85.43 and a 1 year high of $112.10.
HDFC Bank Profile
HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.
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