Eurizon SLJ Capital Ltd Purchases Shares of 37,310 HDFC Bank Limited $HDB

Eurizon SLJ Capital Ltd purchased a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,310 shares of the bank’s stock, valued at approximately $1,363,000.

A number of other hedge funds have also bought and sold shares of the stock. Eurizon Capital SGR S.p.A. acquired a new position in HDFC Bank during the 4th quarter valued at approximately $5,500,000. Triglav Investments D.O.O. increased its stake in HDFC Bank by 24.0% during the 4th quarter. Triglav Investments D.O.O. now owns 60,770 shares of the bank’s stock valued at $2,221,000 after purchasing an additional 11,770 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new position in HDFC Bank during the 4th quarter valued at approximately $421,000. Northwestern Mutual Wealth Management Co. increased its stake in HDFC Bank by 110.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,818 shares of the bank’s stock valued at $213,000 after purchasing an additional 3,052 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in HDFC Bank during the 4th quarter valued at approximately $208,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Insider Buying and Selling at HDFC Bank

In other news, insider N Srinivasan sold 10,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. Following the sale, the insider directly owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashish Parthasarthy sold 5,600 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total transaction of $48,720.00. Following the completion of the sale, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. This trade represents a 0.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,600 shares of company stock worth $271,660 over the last ninety days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, HDFC Bank has a consensus rating of “Reduce”.

HDFC Bank Price Performance

HDB stock opened at $23.78 on Friday. The firm’s fifty day simple moving average is $25.31 and its 200-day simple moving average is $30.84. The company has a market capitalization of $121.29 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 1.10 and a beta of 0.68. HDFC Bank Limited has a 12 month low of $23.31 and a 12 month high of $39.81.

HDFC Bank Company Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).