Capital World Investors Acquires 22,252 Shares of HDFC Bank Limited $HDB

Capital World Investors increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,248,902 shares of the bank’s stock after acquiring an additional 22,252 shares during the period. Capital World Investors owned about 0.08% of HDFC Bank worth $155,237,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HDB. Larson Financial Group LLC lifted its holdings in HDFC Bank by 90.4% during the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after buying an additional 403 shares in the last quarter. Accent Capital Management LLC lifted its stake in shares of HDFC Bank by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares during the period. Clearstead Advisors LLC lifted its stake in shares of HDFC Bank by 476.8% in the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after purchasing an additional 739 shares during the period. Pin Oak Investment Advisors Inc. lifted its stake in shares of HDFC Bank by 100.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after purchasing an additional 498 shares during the period. Finally, Graney & King LLC lifted its stake in shares of HDFC Bank by 100.0% in the 3rd quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock valued at $41,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of HDFC Bank in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

HDFC Bank Trading Down 1.6%

Shares of HDFC Bank stock opened at $23.04 on Tuesday. The company has a market capitalization of $117.51 billion, a PE ratio of 13.79, a PEG ratio of 1.08 and a beta of 0.65. HDFC Bank Limited has a 12 month low of $22.91 and a 12 month high of $39.81. The stock’s fifty day simple moving average is $25.07 and its 200 day simple moving average is $30.25.

Insider Buying and Selling at HDFC Bank

In related news, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $8.72, for a total transaction of $87,200.00. Following the sale, the insider owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. This trade represents a 1.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ashish Parthasarthy sold 5,600 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total value of $48,720.00. Following the transaction, the insider owned 842,958 shares of the company’s stock, valued at approximately $7,333,734.60. This trade represents a 0.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,600 shares of company stock worth $271,660 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

HDFC Bank 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).