Highbridge Capital Management LLC acquired a new stake in HDFC Bank Limited (NYSE:HDB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,867 shares of the bank’s stock, valued at approximately $2,246,000.
A number of other hedge funds have also made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of HDFC Bank by 1,176.8% during the third quarter. Renaissance Technologies LLC now owns 236,207 shares of the bank’s stock worth $22,227,000 after purchasing an additional 217,707 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of HDFC Bank by 4.4% during the third quarter. Loomis Sayles & Co. L P now owns 133,293 shares of the bank’s stock worth $12,543,000 after purchasing an additional 5,665 shares in the last quarter. Axiom International Investors LLC DE boosted its position in shares of HDFC Bank by 4.0% during the third quarter. Axiom International Investors LLC DE now owns 398,085 shares of the bank’s stock worth $37,460,000 after purchasing an additional 15,465 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of HDFC Bank by 11.9% during the third quarter. Allianz Asset Management GmbH now owns 476,468 shares of the bank’s stock worth $44,836,000 after purchasing an additional 50,525 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of HDFC Bank by 2.5% during the third quarter. William Blair Investment Management LLC now owns 1,696,936 shares of the bank’s stock worth $159,678,000 after purchasing an additional 41,128 shares in the last quarter. 18.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:HDB opened at $100.46 on Friday. HDFC Bank Limited has a 12 month low of $85.43 and a 12 month high of $112.10. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.79. The firm has a market cap of $87.74 billion, a P/E ratio of 32.86, a P/E/G ratio of 1.22 and a beta of 0.96.
HDB has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, November 30th. ValuEngine lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.
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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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