B. Metzler seel. Sohn & Co. AG Sells 22,929 Shares of HDFC Bank Limited (NYSE:HDB)

B. Metzler seel. Sohn & Co. AG lowered its position in HDFC Bank Limited (NYSE:HDBGet Rating) by 13.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 141,897 shares of the bank’s stock after selling 22,929 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in HDFC Bank were worth $7,799,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in HDFC Bank by 1.5% in the 2nd quarter. FMR LLC now owns 7,587,089 shares of the bank’s stock worth $416,987,000 after buying an additional 115,239 shares during the period. Prudential PLC boosted its holdings in shares of HDFC Bank by 597.0% during the 2nd quarter. Prudential PLC now owns 182,677 shares of the bank’s stock valued at $10,040,000 after purchasing an additional 156,468 shares during the last quarter. Azimuth Capital Investment Management LLC bought a new position in shares of HDFC Bank during the 2nd quarter valued at about $4,225,000. Martin Currie Ltd. boosted its holdings in shares of HDFC Bank by 3.7% during the 2nd quarter. Martin Currie Ltd. now owns 2,238,839 shares of the bank’s stock valued at $123,047,000 after purchasing an additional 80,342 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of HDFC Bank by 80.5% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 42,904 shares of the bank’s stock valued at $2,358,000 after purchasing an additional 19,135 shares during the last quarter. Institutional investors own 17.59% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of HDFC Bank in a report on Wednesday, October 12th. They set a “hold” rating for the company.

HDFC Bank Price Performance

Shares of HDB traded up $0.72 during midday trading on Thursday, hitting $68.72. 820,573 shares of the company traded hands, compared to its average volume of 1,297,393. The firm has a 50 day moving average of $62.16 and a 200-day moving average of $59.94. HDFC Bank Limited has a 52 week low of $50.61 and a 52 week high of $72.20. The stock has a market cap of $127.03 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.35.

HDFC Bank Company Profile

(Get Rating)

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, rural, public provident fund, pension, and Demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, overdrafts against fixed deposits, and sweep-in facilities.

Further Reading

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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