HDFC Bank Limited $HDB Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in shares of HDFC Bank Limited (NYSE:HDB) by 68.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 188,624 shares of the bank’s stock after selling 403,739 shares during the period. BNP Paribas Financial Markets’ holdings in HDFC Bank were worth $6,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of HDFC Bank in a report 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 MarketBeat.com, the company currently has an average rating of “Reduce”.

HDFC Bank Price Performance

NYSE HDB opened at $23.26 on Wednesday. The company has a market cap of $118.63 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.07 and a beta of 0.65. The stock has a 50-day moving average of $25.05 and a two-hundred day moving average of $30.15. HDFC Bank Limited has a 1-year low of $22.91 and a 1-year high of $39.81.

Insider Buying and Selling

In other HDFC Bank news, insider Ashish Parthasarthy sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total value of $53,640.00. Following the completion of the sale, the insider owned 848,558 shares in the company, valued at approximately $7,586,108.52. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. This represents a 1.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,600 shares of company stock valued at $271,660 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

About HDFC Bank

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).