28,080 Shares in HDFC Bank Limited $HDB Acquired by Burkett Asset Management Ltd

Burkett Asset Management Ltd purchased a new position in HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,080 shares of the bank’s stock, valued at approximately $1,026,000. HDFC Bank comprises 1.0% of Burkett Asset Management Ltd’s holdings, making the stock its 28th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of HDFC Bank by 90.4% in 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 during the last quarter. Clearstead Advisors LLC grew 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 worth $31,000 after buying an additional 739 shares during the last quarter. Accent Capital Management LLC grew 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 worth $31,000 after buying an additional 459 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of HDFC Bank in the 2nd quarter worth approximately $75,000. Finally, Pin Oak Investment Advisors Inc. grew 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 worth $34,000 after buying an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of HDFC Bank in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, HDFC Bank has an average rating of “Reduce”.

HDFC Bank Trading Up 2.6%

Shares of HDB opened at $23.81 on Friday. The business’s fifty day simple moving average is $25.01 and its two-hundred day simple moving average is $29.97. HDFC Bank Limited has a 12 month low of $22.91 and a 12 month high of $39.81. The company has a market cap of $121.48 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 1.07 and a beta of 0.65.

Insider Buying and Selling at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 5,600 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total transaction of $48,720.00. Following the sale, the insider directly owned 842,958 shares in the company, valued at approximately $7,333,734.60. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the 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 owned 638,422 shares in the company, valued at approximately $5,567,039.84. This represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 31,600 shares of company stock worth $271,660. Company insiders own 1.00% of the company’s stock.

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).