HDFC Bank Limited (NYSE:HDB) Position Increased by Quantbot Technologies LP

Quantbot Technologies LP lifted its position in HDFC Bank Limited (NYSE:HDB) by 46.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,747 shares of the bank’s stock after acquiring an additional 7,825 shares during the period. Quantbot Technologies LP’s holdings in HDFC Bank were worth $1,548,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HDB. Baillie Gifford & Co. grew its position in HDFC Bank by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock worth $741,932,000 after purchasing an additional 263,690 shares in the last quarter. FMR LLC grew its holdings in shares of HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in HDFC Bank by 1.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock valued at $302,970,000 after buying an additional 51,736 shares during the period. PineStone Asset Management Inc. lifted its stake in HDFC Bank by 115.1% in the 2nd quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock worth $287,488,000 after acquiring an additional 2,391,343 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in HDFC Bank by 9.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,955,982 shares of the bank’s stock worth $247,486,000 after acquiring an additional 325,999 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday.

HDFC Bank Stock Down 1.1 %

HDB stock opened at $66.79 on Friday. The company has a 50 day moving average of $63.34 and a two-hundred day moving average of $61.53. The company has a market cap of $169.13 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.79 and a beta of 0.91. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.76. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. On average, equities analysts anticipate that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal year.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It 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, and overdrafts against fixed deposits.